Looking to balance out your exposure to RGEN? The ETFs below have the lowest correlation with RGEN — they tend to move on their own, which can help reduce risk when RGEN drops. The stock ideas table highlights individual companies that behave independently from RGEN.
Best Diversifiers for RGEN
2 ETFs have low correlation with RGEN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.00 | -0.05 | 100 | Ultrashort Bond | RGEN vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | 0.06 | 0.05 | 0.07 | 93 | Inflation-Protected Bonds | RGEN vs STIP | |
| Vanguard S&P 500 ETF | 0.43 | 0.43 | 0.47 | 70 | S&P 500 | RGEN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.43 | 0.47 | 70 | S&P 500 | RGEN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RGEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RGEN and solid risk/return profiles. The least correlated is Penumbra, Inc. (PEN) (Healthcare) with a 1Y correlation of 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Penumbra, Inc. | 0.19 | 0.27 | 0.37 | 66 | Healthcare | |
| Amylyx Pharmaceuticals, Inc. | 0.20 | 0.21 | — | 89 | Healthcare | |
| AstraZeneca PLC | 0.25 | 0.19 | 0.22 | 70 | Healthcare | |
| Neurocrine Biosciences, Inc. | 0.25 | 0.24 | 0.26 | 68 | Healthcare | |
| Sandisk Corp | 0.27 | — | — | 100 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RGEN
Add RGEN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RGEN