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
7 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 -0.10, 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 | -0.10 | -0.05 | -0.01 | 100 | Ultrashort Bond | RHHBY vs SGOV | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.10 | 0.17 | 0.18 | 87 | Materials | RHHBY vs REMX | |
| Global X Artificial Intelligence & Technology ETF | 0.11 | 0.15 | 0.21 | 81 | Technology Equities | RHHBY vs AIQ | |
| iShares 0-5 Year TIPS Bond ETF | 0.11 | 0.16 | 0.12 | 93 | Inflation-Protected Bonds | RHHBY vs STIP | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.18 | 0.03 | 0.06 | 99 | Corporate Bonds | RHHBY vs FLTR |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.03 | 0.06 | 83 | Energy | |
| Valero Energy Corporation | -0.13 | -0.00 | 0.01 | 93 | Energy | |
| Equinor ASA | -0.12 | 0.05 | 0.06 | 82 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.06 | 85 | Energy | |
| Uranium Energy Corp. | -0.06 | 0.04 | 0.09 | 79 | Energy |
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