Looking to balance out your exposure to RKLB? The ETFs below have the lowest correlation with RKLB — they tend to move on their own, which can help reduce risk when RKLB drops. The stock ideas table highlights individual companies that behave independently from RKLB.
Best Diversifiers for RKLB
77 ETFs have low correlation with RKLB (below 0.3), 5 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.07 | -0.02 | 0.01 | 66 | Oil & Gas | RKLB vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.03 | 0.01 | 0.02 | 54 | Leveraged Commodities | RKLB vs UCO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.01 | 0.05 | — | 74 | Commodities | RKLB vs PDBC | |
| iShares Core High Dividend ETF | -0.01 | 0.12 | 0.17 | 64 | Dividend, Large Cap Value Equities | RKLB vs HDV | |
| State Street Energy Select Sector SPDR ETF | -0.01 | 0.12 | — | 63 | Energy Equities | RKLB vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RKLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RKLB and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.19, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.19 | -0.05 | 0.02 | 51 | Financial Services | |
| The Coca-Cola Company | -0.16 | -0.10 | -0.02 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | -0.06 | — | 59 | Communication Services | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.02 | 53 | Utilities | |
| PepsiCo, Inc. | -0.11 | -0.07 | -0.01 | 56 | Consumer Defensive |
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