Looking to balance out your exposure to RHP? The ETFs below have the lowest correlation with RHP — they tend to move on their own, which can help reduce risk when RHP drops. The stock ideas table highlights individual companies that behave independently from RHP.
Best Diversifiers for RHP
1 ETFs have low correlation with RHP (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.29, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.29 | 0.36 | — | 76 | Nasdaq-100, Derivative Income | RHP vs JEPQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.47 | 0.54 | 74 | S&P 500 | RHP vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.49 | 0.54 | 0.55 | 85 | Dividend | RHP vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RHP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RHP and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.33 | 0.39 | 0.43 | 66 | Financial Services | |
| InterContinental Hotels Group PLC | 0.61 | 0.54 | 0.58 | 82 | Consumer Cyclical |
Build a portfolio that complements RHP
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