Looking to balance out your exposure to REZI? The ETFs below have historically moved differently from REZI, 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 REZI
0 ETFs have low correlation with REZI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.39, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.39 | 0.45 | 0.52 | 58 | Nasdaq-100 | REZI vs QQQ | |
| Amplify CWP Enhanced Dividend Income ETF | 0.49 | 0.54 | 0.56 | 84 | Derivative Income | REZI vs DIVO | |
| Vanguard S&P 500 ETF | 0.49 | 0.56 | 0.61 | 78 | S&P 500 | REZI vs VOO | |
| iShares Core S&P 500 ETF | 0.49 | 0.56 | 0.61 | 78 | S&P 500 | REZI vs IVV | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.56 | 0.61 | 78 | S&P 500 | REZI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REZI, 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 Ciena Corporation (CIEN) (Technology) with a 1Y correlation of 0.15, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ciena Corporation | 0.15 | 0.33 | 0.41 | 98 | Technology | |
| Coeur Mining, Inc. | 0.23 | 0.25 | 0.28 | 74 | Basic Materials |
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