Looking to balance out your exposure to REZI? The ETFs below have the lowest correlation with REZI — they tend to move on their own, which can help reduce risk when REZI drops. The stock ideas table highlights individual companies that behave independently from REZI.
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 0.49, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.49 | 0.48 | 0.53 | 74 | Nasdaq-100 | REZI vs QQQ | |
| Amplify CWP Enhanced Dividend Income ETF | 0.55 | 0.55 | 0.57 | 69 | Derivative Income | REZI vs DIVO | |
| Vanguard S&P 500 ETF | 0.58 | 0.58 | 0.62 | 74 | S&P 500 | REZI vs VOO | |
| iShares Core S&P 500 ETF | 0.58 | 0.58 | 0.62 | 74 | S&P 500 | REZI vs IVV | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.58 | 0.62 | 74 | S&P 500 | REZI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REZI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REZI and solid risk/return profiles. The least correlated is Ciena Corporation (CIEN) (Technology) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ciena Corporation | 0.24 | 0.36 | 0.44 | 99 | Technology |
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