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
6 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 0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.05 | 0.05 | 100 | Ultrashort Bond | RIG vs MINT | |
| Invesco S&P 500 Momentum ETF | 0.10 | 0.20 | 0.32 | 64 | Momentum, S&P 500 | RIG vs SPMO | |
| Invesco QQQ ETF | 0.15 | 0.18 | 0.24 | 57 | Nasdaq-100 | RIG vs QQQ | |
| VanEck Semiconductor ETF | 0.16 | 0.21 | 0.26 | 93 | Semiconductors, Technology Equities | RIG vs SMH | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.25 | 0.31 | 63 | S&P 500 | RIG vs SPY |
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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 NNN REIT, 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 |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | -0.02 | 0.05 | 0.12 | 70 | Real Estate | |
| DHT Holdings, Inc. | 0.09 | 0.25 | 0.34 | 90 | Energy | |
| Frontline Ltd. | 0.12 | 0.27 | 0.35 | 95 | Energy | |
| Banco Macro S.A. | 0.16 | 0.17 | 0.25 | 64 | Financial Services | |
| Teekay Tankers Ltd. | 0.16 | 0.32 | 0.38 | 86 | Energy |
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Build a portfolio that complements RIG
Add RIG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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