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
58 ETFs have low correlation with RKLB (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.06 | — | 100 | Government Bonds, Ultrashort Bond | RKLB vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.00 | — | 100 | Government Bonds, Ultrashort Bond | RKLB vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.01 | 0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | RKLB vs TFLO | |
| First Trust Morningstar Dividend Leaders Index Fun... | 0.00 | 0.19 | 0.22 | 69 | Large Cap Value Equities, Dividend | RKLB vs FDL | |
| Alpha Architect 1-3 Month Box ETF | 0.01 | 0.06 | 0.05 | 100 | Ultrashort Bond | RKLB vs BOXX |
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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 -0.21, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.21 | -0.07 | 0.02 | 69 | Financial Services | |
| The Coca-Cola Company | -0.18 | -0.11 | -0.03 | 74 | Consumer Defensive | |
| The Allstate Corporation | -0.17 | -0.03 | 0.04 | 67 | Financial Services | |
| Verizon Communications Inc. | -0.16 | -0.07 | -0.01 | 66 | Communication Services | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.03 | 62 | Utilities |
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