Looking to balance out your exposure to RKLB? The ETFs below have historically moved differently from RKLB, 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 RKLB
94 ETFs have low correlation with RKLB (below 0.3), 16 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of -0.14, down from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | -0.14 | 0.06 | — | 53 | Financials Equities | RKLB vs IAK | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.01 | — | 100 | Government Bonds, Ultrashort Bond | RKLB vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.05 | — | 100 | Government Bonds, Ultrashort Bond | RKLB vs BIL | |
| iShares Core High Dividend ETF | -0.06 | 0.09 | — | 92 | Dividend, Large Cap Value Equities | RKLB vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.06 | 0.13 | — | 61 | Dividend, Low Volatility | RKLB vs LVHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RKLB, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.23, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.23 | -0.05 | 0.03 | 82 | Financial Services | |
| Chubb Limited | -0.21 | -0.08 | — | 89 | Financial Services | |
| The Coca-Cola Company | -0.20 | -0.11 | — | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.18 | -0.02 | -0.01 | 66 | Consumer Defensive | |
| PepsiCo, Inc. | -0.18 | -0.08 | -0.02 | 50 | Consumer Defensive |
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