Looking to balance out your exposure to RIG? The ETFs below have the lowest correlation with RIG — they tend to move on their own, which can help reduce risk when RIG drops. The stock ideas table highlights individual companies that behave independently from RIG.
Best Diversifiers for RIG
3 ETFs have low correlation with RIG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.12 | 0.18 | 0.23 | 73 | Nasdaq-100 | RIG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.25 | 0.32 | 70 | S&P 500 | RIG vs SPY | |
| VanEck Semiconductor ETF | 0.17 | 0.21 | 0.26 | 96 | Semiconductors, Technology Equities | RIG vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIG and solid risk/return profiles. The least correlated is National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.02 | 0.05 | 0.12 | 62 | Real Estate | |
| Symbotic Inc | 0.11 | 0.24 | 0.16 | 64 | Industrials | |
| DHT Holdings, Inc. | 0.12 | 0.28 | 0.34 | 82 | Energy | |
| Sibanye Stillwater Limited | 0.15 | 0.22 | 0.27 | 72 | Basic Materials | |
| Frontline Ltd. | 0.15 | 0.30 | 0.35 | 89 | Energy |
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