Looking to balance out your exposure to RKT? The ETFs below have historically moved differently from RKT, 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 RKT
6 ETFs have low correlation with RKT (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.21 | 0.01 | 0.10 | 76 | Energy Equities | RKT vs XLE | |
| Alpha Architect 1-3 Month Box ETF | -0.01 | 0.00 | — | 100 | Ultrashort Bond | RKT vs BOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | RKT vs BIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.21 | 0.26 | 0.23 | 93 | Inflation-Protected Bonds | RKT vs STIP | |
| State Street Health Care Select Sector SPDR ETF | 0.25 | 0.29 | 0.33 | 72 | Health & Biotech Equities | RKT vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RKT, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.03 | 0.09 | 0.11 | 97 | Healthcare | |
| The Allstate Corporation | -0.02 | 0.07 | 0.15 | 82 | Financial Services | |
| CVS Health Corporation | 0.01 | 0.10 | 0.14 | 94 | Healthcare | |
| AbbVie Inc. | 0.03 | 0.12 | 0.11 | 81 | Healthcare | |
| Kodiak Gas Services Inc. | 0.03 | 0.11 | 0.10 | 92 | Energy |
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