Looking to balance out your exposure to RCKT? The ETFs below have the lowest correlation with RCKT — they tend to move on their own, which can help reduce risk when RCKT drops. The stock ideas table highlights individual companies that behave independently from RCKT.
Best Diversifiers for RCKT
3 ETFs have low correlation with RCKT (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.28 | 0.36 | 96 | Semiconductors, Technology Equities | RCKT vs SMH | |
| State Street Technology Select Sector SPDR ETF | 0.29 | 0.30 | 0.38 | 83 | Technology Equities | RCKT vs XLK | |
| Procure Space ETF | 0.30 | 0.36 | 0.44 | 88 | Global Equities, Aerospace & Defense | RCKT vs UFO | |
| Invesco QQQ ETF | 0.35 | 0.34 | 0.42 | 73 | Nasdaq-100 | RCKT vs QQQ | |
| SPDR S&P Biotech ETF | 0.64 | 0.69 | 0.73 | 74 | Health & Biotech Equities | RCKT vs XBI |
Diversification Analysis
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