Looking to balance out your exposure to RCL? The ETFs below have the lowest correlation with RCL — they tend to move on their own, which can help reduce risk when RCL drops. The stock ideas table highlights individual companies that behave independently from RCL.
Best Diversifiers for RCL
8 ETFs have low correlation with RCL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.04 | -0.01 | 100 | Ultrashort Bond | RCL vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | 0.04 | 0.01 | 0.00 | 100 | Ultrashort Bond | RCL vs TBIL | |
| Janus Henderson AAA CLO ETF | 0.12 | 0.13 | 0.13 | 98 | CLO | RCL vs JAAA | |
| Fidelity Low Duration Bond Factor ETF | 0.14 | 0.09 | 0.07 | 98 | Short-Term Bond, Corporate Bonds | RCL vs FLDR | |
| Vanguard Ultra-Short Bond ETF | 0.22 | 0.10 | 0.05 | 99 | Ultrashort Bond | RCL vs VUSB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RCL and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.02 | 0.13 | 70 | Energy | |
| Exxon Mobil Corporation | -0.19 | -0.04 | 0.12 | 74 | Energy | |
| Altria Group, Inc. | -0.15 | -0.02 | 0.09 | 74 | Consumer Defensive | |
| Valero Energy Corporation | -0.14 | 0.02 | 0.16 | 91 | Energy | |
| Cboe Global Markets, Inc. | -0.11 | -0.11 | 0.03 | 52 | Financial Services |
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