Looking to balance out your exposure to RARE? The ETFs below have the lowest correlation with RARE — they tend to move on their own, which can help reduce risk when RARE drops. The stock ideas table highlights individual companies that behave independently from RARE.
Best Diversifiers for RARE
1 ETFs have low correlation with RARE (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.21 | 0.27 | 90 | Semiconductors, Technology Equities | RARE vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RARE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RARE and solid risk/return profiles. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peabody Energy Corporation | -0.04 | 0.03 | 0.05 | 70 | Energy | |
| Roku, Inc. | 0.21 | 0.27 | 0.32 | 79 | Communication Services | |
| Iovance Biotherapeutics, Inc. | 0.40 | 0.39 | 0.45 | 77 | Healthcare | |
| Roivant Sciences Ltd. | 0.40 | 0.44 | 0.37 | 99 | Healthcare |
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