Looking to balance out your exposure to RBLX? The ETFs below have historically moved differently from RBLX, 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 RBLX
14 ETFs have low correlation with RBLX (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.17 | -0.01 | 0.06 | 69 | Energy Equities | RBLX vs XLE | |
| Schwab U.S. Dividend Equity ETF | -0.08 | 0.10 | 0.21 | 95 | Dividend | RBLX vs SCHD | |
| Vanguard Value ETF | 0.06 | 0.19 | 0.25 | 93 | Large Cap Value Equities | RBLX vs VTV | |
| Vanguard International High Dividend Yield ETF | 0.07 | 0.19 | 0.27 | 88 | Dividend, Foreign Large Cap Equities | RBLX vs VYMI | |
| PGIM Ultra Short Bond ETF | 0.08 | 0.07 | 0.06 | 99 | Ultrashort Bond | RBLX vs PULS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RBLX, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.22, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.22 | -0.13 | -0.05 | 63 | Communication Services | |
| The Coca-Cola Company | -0.19 | -0.10 | -0.02 | 86 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.15 | -0.15 | -0.08 | 53 | Utilities | |
| AbbVie Inc. | -0.14 | -0.02 | -0.02 | 73 | Healthcare | |
| Bristol-Myers Squibb Company | -0.14 | -0.02 | -0.00 | 89 | Healthcare |
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