Looking to balance out your exposure to RBOT? The ETFs below have the lowest correlation with RBOT — they tend to move on their own, which can help reduce risk when RBOT drops. The stock ideas table highlights individual companies that behave independently from RBOT.
Best Diversifiers for RBOT
9 ETFs have low correlation with RBOT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.16 | 0.17 | 0.24 | 83 | Technology Equities | RBOT vs XLK | |
| iShares Semiconductor ETF | 0.19 | 0.18 | 0.23 | 97 | Semiconductors, Technology Equities | RBOT vs SOXX | |
| Columbia Select Technology ETF | 0.19 | 0.19 | — | 82 | Semiconductors, Technology Equities | RBOT vs SEMI | |
| iShares Robotics and Artificial Intelligence Multi... | 0.19 | 0.24 | 0.29 | 90 | Robotics, Technology Equities | RBOT vs IRBO | |
| iShares Expanded Tech Sector ETF | 0.20 | 0.20 | 0.27 | 79 | Technology Equities | RBOT vs IGM |
See all 9 diversifiers for RBOT
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RBOT
Add RBOT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RBOT