Looking to balance out your exposure to RCAT? The ETFs below have historically moved differently from RCAT, 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 RCAT
2 ETFs have low correlation with RCAT (below 0.3), 1 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | -0.06 | 0.04 | 0.10 | 60 | Financials Equities | RCAT vs IAK | |
| Direxion Daily Energy Bull 2X Shares | 0.05 | 0.08 | 0.10 | 61 | Energy Equities, Leveraged Equities | RCAT vs ERX | |
| VanEck Semiconductor ETF | 0.31 | 0.21 | 0.21 | 79 | Semiconductors, Technology Equities | RCAT vs SMH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.32 | 0.22 | 0.22 | 80 | Leveraged Equities, Semiconductors | RCAT vs SOXL | |
| Vanguard S&P 500 ETF | 0.34 | 0.25 | 0.26 | 54 | S&P 500 | RCAT vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RCAT, 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 Costco Wholesale Corporation (COST) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Costco Wholesale Corporation | -0.16 | -0.02 | 0.06 | 51 | Consumer Defensive | |
| Walmart Inc. | -0.13 | 0.02 | 0.05 | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.10 | -0.06 | 0.02 | 77 | Real Estate | |
| Evergy, Inc. | -0.09 | -0.01 | 0.02 | 86 | Utilities | |
| Berkshire Hathaway Inc. | -0.07 | 0.01 | 0.07 | 59 | Financial Services |
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