Looking to balance out your exposure to RIO? The ETFs below have the lowest correlation with RIO — they tend to move on their own, which can help reduce risk when RIO drops. The stock ideas table highlights individual companies that behave independently from RIO.
Best Diversifiers for RIO
52 ETFs have low correlation with RIO (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.20 | -0.04 | -0.01 | 100 | Ultrashort Bond | RIO vs SGOV | |
| United States Oil Fund LP | -0.16 | 0.04 | 0.17 | 66 | Oil & Gas | RIO vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.12 | 0.07 | 0.20 | 54 | Leveraged Commodities | RIO vs UCO | |
| US Treasury 3 Month Bill ETF | -0.11 | -0.02 | — | 100 | Ultrashort Bond | RIO vs TBIL | |
| Alpha Architect 1-3 Month Box ETF | 0.00 | -0.02 | -0.04 | 100 | Ultrashort Bond | RIO vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.06 | 0.15 | 69 | Consumer Defensive | |
| Cardinal Health, Inc. | -0.05 | -0.02 | 0.09 | 68 | Healthcare | |
| Walmart Inc. | -0.03 | 0.06 | 0.10 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.00 | 0.11 | 0.17 | 66 | Consumer Defensive | |
| Chubb Limited | 0.01 | 0.07 | 0.19 | 51 | Financial Services |
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Build a portfolio that complements RIO
Add RIO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RIO