Looking to balance out your exposure to RES? The ETFs below have the lowest correlation with RES — they tend to move on their own, which can help reduce risk when RES drops. The stock ideas table highlights individual companies that behave independently from RES.
Best Diversifiers for RES
1 ETFs have low correlation with RES (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.02 | 0.10 | 0.14 | 73 | Nasdaq-100 | RES vs QQQ | |
| State Street Energy Select Sector SPDR ETF | 0.63 | 0.68 | 0.72 | 63 | Energy Equities | RES vs XLE |
Diversification Analysis
Build a portfolio that complements RES
Add RES to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RES