Looking to balance out your exposure to RLGT? The ETFs below have the lowest correlation with RLGT — they tend to move on their own, which can help reduce risk when RLGT drops. The stock ideas table highlights individual companies that behave independently from RLGT.
Best Diversifiers for RLGT
1 ETFs have low correlation with RLGT (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.13 | 0.11 | 0.14 | 79 | Silver, Precious Metals | RLGT vs PSLV | |
| Vanguard S&P 500 ETF | 0.41 | 0.39 | 0.44 | 70 | S&P 500 | RLGT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.39 | 0.44 | 70 | S&P 500 | RLGT vs SPY | |
| Vanguard Total World Stock ETF | 0.42 | 0.41 | 0.47 | 67 | Global Equities | RLGT vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RLGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLGT and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.01 | 0.04 | 0.08 | 62 | Healthcare | |
| Archer-Daniels-Midland Company | 0.07 | 0.19 | 0.23 | 94 | Consumer Defensive | |
| Verizon Communications Inc. | 0.08 | 0.03 | 0.09 | 59 | Communication Services | |
| Halliburton Company | 0.13 | 0.23 | 0.25 | 94 | Energy | |
| PepsiCo, Inc. | 0.17 | 0.11 | 0.13 | 56 | Consumer Defensive |
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