Looking to balance out your exposure to RCAT? The ETFs below have the lowest correlation with RCAT — they tend to move on their own, which can help reduce risk when RCAT drops. The stock ideas table highlights individual companies that behave independently from RCAT.
Best Diversifiers for RCAT
3 ETFs have low correlation with RCAT (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Energy Bull 2X Shares (ERX) (Leveraged Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Energy Bull 2X Shares | 0.09 | 0.09 | 0.10 | 61 | Leveraged Equities | RCAT vs ERX | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.27 | 0.19 | 0.20 | 97 | Leveraged Equities, Semiconductors | RCAT vs SOXL | |
| VanEck Semiconductor ETF | 0.28 | 0.18 | 0.19 | 96 | Semiconductors, Technology Equities | RCAT vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.31 | 0.21 | 0.21 | 75 | Momentum, S&P 500 | RCAT vs SPMO | |
| iShares U.S. Technology ETF | 0.32 | 0.22 | 0.23 | 75 | Technology Equities | RCAT vs IYW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RCAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RCAT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.03 | 0.06 | 63 | Consumer Defensive | |
| Evergy, Inc. | -0.04 | 0.01 | 0.03 | 83 | Utilities | |
| Apple Inc | 0.03 | 0.09 | 0.16 | 89 | Technology | |
| SK Telecom Co.,Ltd | 0.05 | 0.03 | 0.09 | 95 | Communication Services | |
| Entergy Corporation | 0.08 | 0.10 | 0.10 | 83 | Utilities |
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