Looking to balance out your exposure to RL? The ETFs below have the lowest correlation with RL — they tend to move on their own, which can help reduce risk when RL drops. The stock ideas table highlights individual companies that behave independently from RL.
Best Diversifiers for RL
1 ETFs have low correlation with RL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.00 | -0.01 | 100 | Ultrashort Bond | RL vs SGOV | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.32 | 0.42 | 0.47 | 89 | Alternative Energy Equities | RL vs QCLN | |
| VanEck Semiconductor ETF | 0.38 | 0.41 | 0.48 | 96 | Semiconductors, Technology Equities | RL vs SMH | |
| State Street Technology Select Sector SPDR ETF | 0.38 | 0.42 | 0.48 | 82 | Technology Equities | RL vs XLK | |
| Vanguard S&P 500 ETF | 0.53 | 0.54 | 0.58 | 74 | S&P 500 | RL vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.06 | 0.21 | 86 | Energy | |
| TotalEnergies SE | -0.08 | 0.03 | 0.10 | 91 | Energy | |
| Cboe Global Markets, Inc. | -0.07 | -0.13 | 0.04 | 71 | Financial Services | |
| CF Industries Holdings, Inc. | -0.07 | 0.12 | 0.18 | 63 | Basic Materials | |
| Northrop Grumman Corporation | -0.06 | -0.04 | 0.03 | 54 | Industrials |
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