Looking to balance out your exposure to RKT? The ETFs below have the lowest correlation with RKT — they tend to move on their own, which can help reduce risk when RKT drops. The stock ideas table highlights individual companies that behave independently from RKT.
Best Diversifiers for RKT
5 ETFs have low correlation with RKT (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.17 | 0.03 | 0.11 | 50 | Energy Equities | RKT vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | RKT vs BIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.23 | 0.27 | 0.23 | 91 | Inflation-Protected Bonds | RKT vs STIP | |
| State Street Technology Select Sector SPDR ETF | 0.28 | 0.29 | 0.38 | 63 | Technology Equities | RKT vs XLK | |
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.40 | 0.43 | 86 | Dividend | RKT vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RKT and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | 0.02 | 0.11 | 0.14 | 92 | Healthcare | |
| AbbVie Inc. | 0.03 | 0.12 | 0.10 | 79 | Healthcare | |
| Johnson & Johnson | 0.04 | 0.10 | 0.13 | 97 | Healthcare | |
| The Allstate Corporation | 0.04 | 0.07 | 0.16 | 84 | Financial Services | |
| Kodiak Gas Services Inc. | 0.05 | 0.11 | 0.11 | 96 | Energy |
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