Looking to balance out your exposure to RIGL? The ETFs below have the lowest correlation with RIGL — they tend to move on their own, which can help reduce risk when RIGL drops. The stock ideas table highlights individual companies that behave independently from RIGL.
Best Diversifiers for RIGL
2 ETFs have low correlation with RIGL (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) (Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.00 | 0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | RIGL vs GBIL | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.31 | 0.32 | 59 | S&P 500 | RIGL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIGL and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.18 | 0.02 | 0.04 | 63 | Energy | |
| Altria Group, Inc. | -0.01 | 0.06 | 0.07 | 72 | Consumer Defensive | |
| Seagate Technology plc | -0.00 | 0.17 | 0.19 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.00 | 0.11 | 0.18 | 93 | Technology | |
| Cboe Global Markets, Inc. | 0.01 | -0.03 | 0.05 | 55 | Financial Services |
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