Looking to balance out your exposure to RIVN? The ETFs below have historically moved differently from RIVN, 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 RIVN
7 ETFs have low correlation with RIVN (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 3 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 | -0.05 | -0.03 | — | 100 | Ultrashort Bond | RIVN vs SGOV | |
| iShares Cohen & Steers REIT ETF | -0.01 | 0.21 | — | 53 | REIT | RIVN vs ICF | |
| iShares Core U.S. REIT ETF | 0.07 | 0.25 | — | 79 | REIT | RIVN vs USRT | |
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.27 | — | 95 | Dividend | RIVN vs SCHD | |
| iShares National AMT-Free Muni Bond ETF | 0.16 | 0.18 | — | 59 | Municipal Bonds | RIVN vs MUB |
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 RIVN, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.29, down from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.29 | -0.09 | — | 56 | Utilities | |
| McKesson Corporation | -0.16 | -0.12 | — | 62 | Healthcare | |
| Church & Dwight Co., Inc. | -0.12 | -0.06 | — | 54 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.04 | — | 85 | Energy | |
| Realty Income Corporation | -0.10 | 0.06 | — | 74 | Real Estate |
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