Looking to balance out your exposure to RDFN? The ETFs below have the lowest correlation with RDFN — they tend to move on their own, which can help reduce risk when RDFN drops. The stock ideas table highlights individual companies that behave independently from RDFN.
Best Diversifiers for RDFN
2 ETFs have low correlation with RDFN (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.01, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.01 | 0.28 | 0.45 | 71 | Leveraged Equities | RDFN vs TQQQ | |
| Vanguard S&P 500 ETF | 0.03 | 0.33 | 0.46 | 70 | S&P 500 | RDFN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDFN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDFN and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.05, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.05 | 0.18 | 0.34 | 89 | Technology | |
| RingCentral, Inc. | -0.02 | 0.34 | 0.49 | 75 | Technology | |
| Flywire Corporation | -0.02 | 0.23 | 0.39 | 69 | Technology | |
| Oscar Health, Inc. | 0.00 | 0.17 | 0.35 | 59 | Healthcare | |
| Roku, Inc. | 0.01 | 0.32 | 0.51 | 78 | Communication Services |
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