Looking to balance out your exposure to RH? The ETFs below have the lowest correlation with RH — they tend to move on their own, which can help reduce risk when RH drops. The stock ideas table highlights individual companies that behave independently from RH.
Best Diversifiers for RH
1 ETFs have low correlation with RH (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.25, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.25 | 0.37 | 0.46 | 83 | Technology Equities | RH vs XLK | |
| Invesco QQQ ETF | 0.31 | 0.41 | 0.50 | 73 | Nasdaq-100 | RH vs QQQ | |
| Vanguard S&P 500 ETF | 0.39 | 0.49 | 0.54 | 70 | S&P 500 | RH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.49 | 0.55 | 70 | S&P 500 | RH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RH and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.00 | 0.09 | 0.13 | 85 | Energy | |
| Micron Technology, Inc. | 0.13 | 0.27 | 0.35 | 99 | Technology | |
| Equinix, Inc. | 0.14 | 0.26 | 0.30 | 64 | Real Estate | |
| AMN Healthcare Services, Inc. | 0.20 | 0.23 | 0.25 | 66 | Healthcare | |
| PureCycle Technologies, Inc. | 0.24 | 0.32 | 0.33 | 56 | Industrials |
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