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
2 ETFs have low correlation with RL (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.09, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.09 | 0.13 | 0.26 | 60 | Energy Equities | RL vs VDE | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | 0.02 | -0.02 | 100 | Ultrashort Bond | RL vs SGOV | |
| VanEck Semiconductor ETF | 0.36 | 0.41 | 0.47 | 90 | Semiconductors, Technology Equities | RL vs SMH | |
| State Street Technology Select Sector SPDR ETF | 0.36 | 0.42 | 0.48 | 54 | Technology Equities | RL vs XLK | |
| iShares U.S. Technology ETF | 0.36 | 0.43 | 0.48 | 54 | Technology Equities | RL vs IYW |
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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 -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.03 | 0.19 | 78 | Energy | |
| Cboe Global Markets, Inc. | -0.10 | -0.14 | 0.03 | 60 | Financial Services | |
| ConocoPhillips Company | -0.09 | 0.06 | 0.18 | 69 | Energy | |
| TotalEnergies SE | -0.08 | 0.01 | 0.08 | 79 | Energy | |
| Consolidated Edison, Inc. | -0.08 | -0.05 | 0.02 | 70 | Utilities |
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