Looking to balance out your exposure to RIO.L? The ETFs below have the lowest correlation with RIO.L — they tend to move on their own, which can help reduce risk when RIO.L drops. The stock ideas table highlights individual companies that behave independently from RIO.L.
No Diversifiers Found for RIO.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIO.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.14, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.14 | 0.13 | 0.18 | 75 | Industrials | |
| GlaxoSmithKline plc | 0.15 | 0.12 | 0.10 | 74 | Healthcare | |
| Barclays plc | 0.27 | 0.30 | 0.33 | 77 | Financial Services | |
| Samsung Electronics Co. Ltd | 0.28 | 0.27 | 0.27 | 99 | Technology | |
| Man Group plc | 0.31 | 0.31 | 0.28 | 92 | Financial Services |
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