Looking to balance out your exposure to RIG? The ETFs below have historically moved differently from RIG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RIG
5 ETFs have low correlation with RIG (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.01 | 0.04 | 0.04 | 100 | Ultrashort Bond | RIG vs MINT | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.23 | 0.31 | 53 | S&P 500 | RIG vs SPY | |
| VanEck Semiconductor ETF | 0.17 | 0.21 | 0.25 | 79 | Semiconductors, Technology Equities | RIG vs SMH | |
| iShares MSCI Brazil ETF | 0.21 | 0.28 | 0.33 | 59 | Latin America Equities | RIG vs EWZ | |
| Nomura Focused Emerging Markets Equity ETF | 0.23 | — | — | 88 | Emerging Markets Equities | RIG vs EMEQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RIG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | -0.02 | 0.05 | 0.12 | 80 | Real Estate | |
| DHT Holdings, Inc. | 0.10 | 0.23 | 0.31 | 92 | Energy | |
| Banco Macro S.A. | 0.12 | 0.17 | 0.24 | 63 | Financial Services | |
| Frontline Ltd. | 0.13 | 0.26 | 0.34 | 96 | Energy | |
| Scorpio Tankers Inc. | 0.14 | 0.35 | 0.38 | 91 | Energy |
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Build a portfolio that complements RIG
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