Looking to balance out your exposure to RHHBY? The ETFs below have the lowest correlation with RHHBY — they tend to move on their own, which can help reduce risk when RHHBY drops. The stock ideas table highlights individual companies that behave independently from RHHBY.
Best Diversifiers for RHHBY
6 ETFs have low correlation with RHHBY (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 -0.06, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.05 | -0.01 | 100 | Ultrashort Bond | RHHBY vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | 0.11 | 0.17 | 0.13 | 91 | Inflation-Protected Bonds | RHHBY vs STIP | |
| VanEck IG Floating Rate ETF | 0.16 | 0.02 | 0.07 | 99 | Corporate Bonds, Ultrashort Bond | RHHBY vs FLTR | |
| Vanguard S&P 500 ETF | 0.21 | 0.21 | 0.28 | 66 | S&P 500 | RHHBY vs VOO | |
| Vanguard Total Stock Market ETF | 0.21 | 0.21 | 0.27 | 66 | Large Cap Blend Equities | RHHBY vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RHHBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RHHBY and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.17, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.17 | -0.03 | 0.02 | 69 | Energy | |
| Equinor ASA | -0.14 | 0.04 | 0.05 | 77 | Energy | |
| Chevron Corporation | -0.13 | 0.03 | 0.06 | 74 | Energy | |
| Valero Energy Corporation | -0.12 | -0.02 | 0.01 | 97 | Energy | |
| BP p.l.c. | -0.09 | 0.08 | 0.09 | 77 | Energy |
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