Looking to diversify beyond RDOG? The ETFs below have historically moved differently from RDOG, 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 RDOG
638 ETFs have low correlation with RDOG (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.10 | 0.04 | 66 | Oil & Gas | RDOG vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.07 | 0.07 | 61 | Commodities | RDOG vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.05 | 0.08 | 68 | Commodities | RDOG vs DBC | |
| Invesco DB Oil Fund | -0.22 | -0.08 | 0.04 | 51 | Oil & Gas | RDOG vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.21 | -0.07 | 0.06 | 56 | Commodities | RDOG vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RDOG, 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 Simon Property Group, Inc. (SPG) (Real Estate) with a 1Y correlation of 0.63, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Simon Property Group, Inc. | 0.63 | 0.70 | 0.73 | 95 | Real Estate |
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