Looking to balance out your exposure to REGN? The ETFs below have historically moved differently from REGN, 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 REGN
12 ETFs have low correlation with REGN (below 0.3), 4 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.04 | 0.09 | 0.18 | 57 | Leveraged Equities, Semiconductors | REGN vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.03 | 0.15 | 0.25 | 60 | Technology Equities | REGN vs XLK | |
| Vanguard Information Technology ETF | -0.02 | 0.16 | 0.25 | 57 | Technology Equities | REGN vs VGT | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | REGN vs BIL | |
| Invesco QQQ ETF | 0.06 | 0.20 | 0.29 | 54 | Nasdaq-100 | REGN vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REGN, 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 Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.11 | 0.07 | 0.07 | 98 | Energy | |
| Exxon Mobil Corporation | -0.11 | 0.07 | 0.11 | 84 | Energy | |
| Diamondback Energy, Inc. | -0.09 | 0.02 | 0.06 | 72 | Energy | |
| Chevron Corporation | -0.09 | 0.07 | 0.11 | 72 | Energy | |
| ConocoPhillips Company | -0.08 | 0.07 | 0.10 | 68 | Energy |
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