Looking to balance out your exposure to RLGT? The ETFs below have historically moved differently from RLGT, 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 RLGT
0 ETFs have low correlation with RLGT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.39, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.39 | 0.40 | 0.44 | 67 | S&P 500 | RLGT vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.40 | 0.45 | 68 | S&P 500 | RLGT vs VOO | |
| Vanguard Total World Stock ETF | 0.40 | 0.42 | 0.47 | 70 | Global Equities | RLGT vs VT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RLGT, 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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.07 | 0.03 | 0.12 | 66 | Consumer Defensive | |
| AbbVie Inc. | 0.00 | 0.05 | 0.08 | 81 | Healthcare | |
| Verizon Communications Inc. | 0.04 | 0.04 | 0.09 | 66 | Communication Services | |
| Colgate-Palmolive Company | 0.04 | 0.06 | 0.08 | 59 | Consumer Defensive | |
| Archer-Daniels-Midland Company | 0.04 | 0.17 | 0.21 | 90 | Consumer Defensive |
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