Looking to balance out your exposure to RDW? The ETFs below have the lowest correlation with RDW — they tend to move on their own, which can help reduce risk when RDW drops. The stock ideas table highlights individual companies that behave independently from RDW.
Best Diversifiers for RDW
0 ETFs have low correlation with RDW (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.34, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.34 | 0.33 | — | 96 | Semiconductors, Technology Equities | RDW vs SMH | |
| iShares U.S. Technology ETF | 0.38 | 0.36 | — | 76 | Technology Equities | RDW vs IYW | |
| Invesco S&P 500 Momentum ETF | 0.39 | 0.38 | — | 75 | Momentum, S&P 500 | RDW vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.41 | — | 74 | S&P 500 | RDW vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | 0.41 | 0.42 | — | 74 | S&P 500 | RDW vs SPYM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDW and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.03 | — | 56 | Communication Services | |
| NIO Inc. | 0.14 | 0.18 | — | 65 | Consumer Cyclical | |
| NVIDIA Corporation | 0.17 | 0.24 | — | 80 | Technology | |
| Structure Therapeutics Inc. American Depositary Sh... | 0.17 | 0.15 | — | 72 | Healthcare | |
| Inhibrx, Inc. | 0.19 | 0.20 | — | 98 | Healthcare |
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Build a portfolio that complements RDW
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