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 -0.04, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.02 | — | 100 | Ultrashort Bond | RIVN vs SGOV | |
| YieldMax NVDA Option Income Strategy ETF | 0.15 | 0.20 | — | 52 | Derivative Income, Options Trading | RIVN vs NVDY | |
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.30 | — | 80 | Dividend | RIVN vs SCHD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.25 | 0.28 | — | 56 | Preferred Stock/Convertible Bonds | RIVN vs PFFA | |
| ARK Space Exploration & Innovation ETF | 0.30 | 0.44 | — | 58 | Aerospace & Defense | RIVN vs ARKX |
To view more results, upgrade your current subscription plan.
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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.06 | — | 85 | Energy | |
| Verizon Communications Inc. | -0.02 | 0.02 | — | 59 | Communication Services | |
| Chevron Corporation | -0.01 | 0.10 | 0.09 | 83 | Energy | |
| Walmart Inc. | -0.01 | 0.10 | — | 63 | Consumer Defensive | |
| BASF SE ADR | 0.08 | 0.23 | 0.25 | 69 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RIVN
Add RIVN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RIVN