Looking to balance out your exposure to RBA? The ETFs below have historically moved differently from RBA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.36, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.36 | 0.46 | 0.48 | 78 | S&P 500 | RBA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RBA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.00, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.00 | 0.13 | 0.18 | 60 | Consumer Defensive | |
| Quest Diagnostics Incorporated | 0.04 | 0.17 | 0.21 | 87 | Healthcare | |
| Casey's General Stores, Inc. | 0.06 | 0.23 | 0.26 | 93 | Consumer Defensive | |
| Atmos Energy Corporation | 0.07 | 0.20 | 0.24 | 67 | Utilities | |
| Twilio Inc. | 0.07 | 0.21 | 0.25 | 77 | Communication Services |
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