Looking to balance out your exposure to RBRK? The ETFs below have the lowest correlation with RBRK — they tend to move on their own, which can help reduce risk when RBRK drops. The stock ideas table highlights individual companies that behave independently from RBRK.
Best Diversifiers for RBRK
12 ETFs have low correlation with RBRK (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.11 | — | — | 85 | Dividend | RBRK vs SCHD | |
| Invesco Variable Rate Investment Grade ETF | -0.02 | 0.06 | 0.06 | 99 | Ultrashort Bond | RBRK vs VRIG | |
| Janus Henderson Securitized Income ETF | 0.00 | -0.00 | -0.00 | 60 | Short-Term Bond | RBRK vs JSI | |
| Eaton Vance Floating-Rate ETF | 0.04 | — | — | 75 | Bank Loan | RBRK vs EVLN | |
| PGIM Ultra Short Bond ETF | 0.07 | — | — | 100 | Ultrashort Bond | RBRK vs PULS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RBRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RBRK and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.20 | 0.00 | 0.00 | 66 | Consumer Defensive | |
| American Electric Power Company, Inc. | -0.16 | -0.14 | -0.14 | 83 | Utilities | |
| AbbVie Inc. | -0.15 | — | — | 68 | Healthcare | |
| Northrop Grumman Corporation | -0.06 | -0.07 | -0.07 | 54 | Industrials | |
| United Therapeutics Corporation | -0.06 | 0.07 | 0.07 | 86 | Healthcare |
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