Looking to balance out your exposure to RDDT? The ETFs below have historically moved differently from RDDT, 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 RDDT
13 ETFs have low correlation with RDDT (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.02 | — | — | 95 | Dividend | RDDT vs SCHD | |
| Franklin International Low Volatility High Dividen... | 0.02 | — | — | 97 | Dividend, Low Volatility | RDDT vs LVHI | |
| iShares 0-3 Month Treasury Bond ETF | 0.08 | — | — | 100 | Ultrashort Bond | RDDT vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | — | — | 88 | Inflation-Protected Bonds | RDDT vs VTIP | |
| Vanguard High Dividend Yield ETF | 0.15 | — | — | 92 | Dividend | RDDT vs VYM |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RDDT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.21 | — | — | 60 | Consumer Defensive | |
| Johnson & Johnson | -0.19 | -0.20 | -0.20 | 96 | Healthcare | |
| Verizon Communications Inc. | -0.19 | — | — | 66 | Communication Services | |
| Evergy, Inc. | -0.17 | -0.11 | -0.11 | 80 | Utilities | |
| TC Energy Corporation | -0.11 | 0.04 | 0.04 | 93 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RDDT
Add RDDT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RDDT