Looking to balance out your exposure to RDN? The ETFs below have the lowest correlation with RDN — they tend to move on their own, which can help reduce risk when RDN drops. The stock ideas table highlights individual companies that behave independently from RDN.
Best Diversifiers for RDN
1 ETFs have low correlation with RDN (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 0.14, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.14 | 0.32 | 0.43 | 74 | S&P 500 | RDN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDN and solid risk/return profiles. The least correlated is OneMain Holdings, Inc. (OMF) (Financial Services) with a 1Y correlation of 0.31, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| OneMain Holdings, Inc. | 0.31 | 0.46 | 0.53 | 54 | Financial Services | |
| Chubb Limited | 0.47 | 0.39 | 0.42 | 57 | Financial Services |
Build a portfolio that complements RDN
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