Looking to balance out your exposure to RIO? The ETFs below have historically moved differently from RIO, 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 RIO
67 ETFs have low correlation with RIO (below 0.3), 8 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.22, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.22 | -0.05 | -0.03 | 100 | Ultrashort Bond | RIO vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | -0.10 | -0.02 | — | 100 | Ultrashort Bond | RIO vs TBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.04 | 0.02 | 100 | Government Bonds, Ultrashort Bond | RIO vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.06 | — | — | 100 | Ultrashort Bond, Government Bonds | RIO vs VGUS | |
| Alpha Architect 1-3 Month Box ETF | -0.02 | -0.02 | — | 100 | Ultrashort Bond | RIO vs BOXX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RIO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.01 | 0.11 | 66 | Consumer Defensive | |
| Chubb Limited | -0.16 | 0.01 | 0.16 | 87 | Financial Services | |
| Omega Healthcare Investors, Inc. | -0.11 | 0.07 | 0.14 | 86 | Real Estate | |
| ONEOK, Inc. | -0.08 | 0.13 | 0.30 | 64 | Energy | |
| The Coca-Cola Company | -0.07 | 0.08 | 0.14 | 87 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
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