Looking to balance out your exposure to RCKY? The ETFs below have historically moved differently from RCKY, 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 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 0.32, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.35 | 0.42 | 67 | S&P 500 | RCKY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RCKY, 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 New Oriental Education & Technology Group Inc. (EDU) (Consumer Defensive) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| New Oriental Education & Technology Group Inc. | 0.05 | 0.11 | 0.16 | 72 | Consumer Defensive | |
| Himax Technologies, Inc. | 0.07 | 0.16 | 0.25 | 66 | Technology | |
| Corcept Therapeutics Incorporated | 0.07 | 0.18 | 0.20 | 72 | Healthcare | |
| Lantheus Holdings, Inc. | 0.08 | 0.22 | 0.26 | 70 | Healthcare | |
| SSR Mining Inc. | 0.09 | 0.12 | 0.12 | 87 | Basic Materials |
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