Looking to balance out your exposure to RBA? The ETFs below have the lowest correlation with RBA — they tend to move on their own, which can help reduce risk when RBA drops. The stock ideas table highlights individual companies that behave independently from RBA.
Best Diversifiers for RBA
0 ETFs have low correlation with RBA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.46 | 0.48 | 70 | S&P 500 | RBA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RBA and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.00, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.00 | 0.14 | 0.19 | 63 | Consumer Defensive | |
| Quest Diagnostics Incorporated | 0.04 | 0.17 | 0.20 | 59 | Healthcare | |
| Twilio Inc. | 0.06 | 0.22 | 0.25 | 81 | Communication Services | |
| WEC Energy Group, Inc. | 0.07 | 0.15 | 0.19 | 50 | Utilities | |
| Atmos Energy Corporation | 0.10 | 0.22 | 0.24 | 60 | Utilities |
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