Looking to balance out your exposure to RJF? The ETFs below have the lowest correlation with RJF — they tend to move on their own, which can help reduce risk when RJF drops. The stock ideas table highlights individual companies that behave independently from RJF.
Best Diversifiers for RJF
3 ETFs have low correlation with RJF (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.28, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.28 | 0.35 | 0.45 | 66 | Technology Equities | RJF vs XLK | |
| Invesco NASDAQ 100 ETF | 0.29 | 0.33 | 0.41 | 60 | Nasdaq-100 | RJF vs QQQM | |
| iShares MSCI Austria ETF | 0.29 | 0.36 | 0.48 | 83 | Europe Equities | RJF vs EWO | |
| Invesco QQQ ETF | 0.31 | 0.37 | 0.46 | 59 | Nasdaq-100 | RJF vs QQQ | |
| Franklin International Low Volatility High Dividen... | 0.31 | 0.37 | 0.47 | 93 | Volatility Hedged Equity, Dividend | RJF vs LVHI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RJF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RJF and solid risk/return profiles. The least correlated is WEC Energy Group, Inc. (WEC) (Utilities) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| WEC Energy Group, Inc. | 0.01 | 0.12 | 0.13 | 63 | Utilities | |
| Eli Lilly and Company | 0.05 | 0.12 | 0.15 | 74 | Healthcare | |
| RenaissanceRe Holdings Ltd. | 0.05 | 0.17 | 0.28 | 75 | Financial Services | |
| Atmos Energy Corporation | 0.07 | 0.20 | 0.21 | 62 | Utilities | |
| Exxon Mobil Corporation | 0.07 | 0.21 | 0.30 | 72 | Energy |
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Build a portfolio that complements RJF
Add RJF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RJF