Looking to balance out your exposure to RCKY? The ETFs below have the lowest correlation with RCKY — they tend to move on their own, which can help reduce risk when RCKY drops. The stock ideas table highlights individual companies that behave independently from RCKY.
Best Diversifiers for RCKY
0 ETFs have low correlation with RCKY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.34 | 0.42 | 70 | S&P 500 | RCKY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RCKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RCKY and solid risk/return profiles. The least correlated is SSR Mining Inc. (SSRM) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SSR Mining Inc. | 0.13 | 0.14 | 0.12 | 86 | Basic Materials | |
| Himax Technologies, Inc. | 0.14 | 0.18 | 0.25 | 92 | Technology | |
| Lantheus Holdings, Inc. | 0.15 | 0.22 | 0.26 | 57 | Healthcare | |
| IES Holdings, Inc. | 0.17 | 0.22 | 0.25 | 91 | Industrials | |
| Oceaneering International, Inc. | 0.18 | 0.25 | 0.28 | 88 | Energy |
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