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
2 ETFs have low correlation with RARE (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.13 | 0.20 | 0.24 | 87 | Materials | RARE vs REMX | |
| VanEck Semiconductor ETF | 0.24 | 0.22 | 0.28 | 96 | 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 Roku, Inc. (ROKU) (Communication Services) with a 1Y correlation of 0.24, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Roku, Inc. | 0.24 | 0.27 | 0.33 | 78 | Communication Services | |
| Iovance Biotherapeutics, Inc. | 0.40 | 0.38 | 0.45 | 72 | Healthcare |
Build a portfolio that complements RARE
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