Looking to balance out your exposure to RICK? The ETFs below have the lowest correlation with RICK — they tend to move on their own, which can help reduce risk when RICK drops. The stock ideas table highlights individual companies that behave independently from RICK.
Best Diversifiers for RICK
3 ETFs have low correlation with RICK (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 -0.12, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.12 | -0.08 | 100 | Ultrashort Bond | RICK vs SGOV | |
| Vanguard Information Technology ETF | 0.23 | 0.33 | 0.41 | 76 | Technology Equities | RICK vs VGT | |
| Invesco QQQ ETF | 0.27 | 0.34 | 0.42 | 73 | Nasdaq-100 | RICK vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.43 | 0.49 | 70 | S&P 500 | RICK vs SPY | |
| Vanguard S&P 500 ETF | 0.36 | 0.43 | 0.49 | 70 | S&P 500 | RICK vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RICK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RICK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.06 | 0.14 | 69 | Consumer Defensive | |
| Hecla Mining Company | 0.04 | 0.17 | 0.20 | 87 | Basic Materials | |
| Raytheon Technologies Corporation | 0.07 | 0.16 | 0.27 | 70 | Industrials | |
| British American Tobacco p.l.c. | 0.10 | 0.11 | 0.15 | 77 | Consumer Defensive | |
| Howmet Aerospace Inc. | 0.11 | 0.27 | 0.39 | 79 | Industrials |
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