Looking to balance out your exposure to RIVN? The ETFs below have the lowest correlation with RIVN — they tend to move on their own, which can help reduce risk when RIVN drops. The stock ideas table highlights individual companies that behave independently from RIVN.
Best Diversifiers for RIVN
5 ETFs have low correlation with RIVN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.03 | — | 100 | Ultrashort Bond | RIVN vs SGOV | |
| iShares Core U.S. REIT ETF | 0.08 | 0.27 | — | 59 | REIT | RIVN vs USRT | |
| iShares National AMT-Free Muni Bond ETF | 0.14 | 0.18 | — | 74 | Municipal Bonds | RIVN vs MUB | |
| JPMorgan Ultra-Short Income ETF | 0.17 | 0.15 | — | 99 | Ultrashort Bond | RIVN vs JPST | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.29 | — | 86 | Dividend | RIVN vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIVN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIVN and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.24, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.24 | -0.07 | -0.04 | 70 | Utilities | |
| McKesson Corporation | -0.15 | -0.11 | -0.05 | 60 | Healthcare | |
| Realty Income Corporation | -0.10 | 0.05 | 0.12 | 74 | Real Estate | |
| Verizon Communications Inc. | -0.07 | 0.01 | — | 57 | Communication Services | |
| Exxon Mobil Corporation | -0.06 | 0.06 | 0.06 | 75 | Energy |
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Build a portfolio that complements RIVN
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