Looking to balance out your exposure to REGN? The ETFs below have the lowest correlation with REGN — they tend to move on their own, which can help reduce risk when REGN drops. The stock ideas table highlights individual companies that behave independently from REGN.
Best Diversifiers for REGN
9 ETFs have low correlation with REGN (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | REGN vs BIL | |
| ProShares Ultra Semiconductors | 0.02 | 0.12 | 0.20 | 84 | Leveraged Equities, Semiconductors | REGN vs USD | |
| State Street Technology Select Sector SPDR ETF | 0.04 | 0.18 | 0.27 | 69 | Technology Equities | REGN vs XLK | |
| Invesco QQQ ETF | 0.11 | 0.22 | 0.30 | 64 | Nasdaq-100 | REGN vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.31 | 0.37 | 63 | S&P 500 | REGN vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REGN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REGN and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.13, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.13 | -0.04 | 0.08 | 58 | Communication Services | |
| Palo Alto Networks, Inc. | -0.07 | 0.07 | 0.14 | 71 | Technology | |
| CrowdStrike Holdings, Inc. | -0.06 | 0.05 | 0.13 | 66 | Technology | |
| Exxon Mobil Corporation | -0.06 | 0.08 | 0.11 | 75 | Energy | |
| Chevron Corporation | -0.06 | 0.07 | 0.12 | 72 | Energy |
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Build a portfolio that complements REGN
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