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
84 ETFs have low correlation with RKLB (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.15 | — | 51 | Currency | RKLB vs UUP | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | 0.00 | — | 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 Treasury Floating Rate Bond ETF | -0.03 | -0.02 | — | 100 | Government Bonds, Ultrashort Bond | RKLB vs TFLO | |
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.09 | 0.13 | 50 | 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.21 | -0.03 | 0.05 | 84 | Financial Services | |
| Chubb Limited | -0.18 | -0.08 | — | 86 | Financial Services | |
| The Coca-Cola Company | -0.18 | -0.11 | -0.04 | 83 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.07 | — | 57 | Communication Services | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.03 | 66 | Utilities |
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