Looking to balance out your exposure to RFIL? The ETFs below have the lowest correlation with RFIL — they tend to move on their own, which can help reduce risk when RFIL drops. The stock ideas table highlights individual companies that behave independently from RFIL.
Best Diversifiers for RFIL
0 ETFs have low correlation with RFIL (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.40, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.40 | 0.22 | 0.21 | 54 | Technology Equities | RFIL vs FTEC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RFIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RFIL and solid risk/return profiles. The least correlated is Applied Digital Corporation (APLD) (Technology) with a 1Y correlation of 0.27, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Digital Corporation | 0.27 | 0.17 | 0.15 | 91 | Technology |
Build a portfolio that complements RFIL
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