Looking to balance out your exposure to RBCAA? The ETFs below have the lowest correlation with RBCAA — they tend to move on their own, which can help reduce risk when RBCAA drops. The stock ideas table highlights individual companies that behave independently from RBCAA.
Best Diversifiers for RBCAA
1 ETFs have low correlation with RBCAA (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 0.30, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.35 | 0.40 | 70 | S&P 500 | RBCAA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RBCAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RBCAA and solid risk/return profiles. The least correlated is Fastenal Company (FAST) (Industrials) with a 1Y correlation of 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fastenal Company | 0.35 | 0.33 | 0.34 | 55 | Industrials | |
| T. Rowe Price Group, Inc. | 0.40 | 0.44 | 0.44 | 59 | Financial Services |
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