Looking to balance out your exposure to RAVE? The ETFs below have the lowest correlation with RAVE — they tend to move on their own, which can help reduce risk when RAVE drops. The stock ideas table highlights individual companies that behave independently from RAVE.
Best Diversifiers for RAVE
1 ETFs have low correlation with RAVE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.15, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.15 | 0.22 | 0.21 | 74 | S&P 500 | RAVE vs VOO |
Diversification Analysis
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Analyze a portfolio with RAVE