Looking to balance out your exposure to RLJ? The ETFs below have the lowest correlation with RLJ — they tend to move on their own, which can help reduce risk when RLJ drops. The stock ideas table highlights individual companies that behave independently from RLJ.
Best Diversifiers for RLJ
1 ETFs have low correlation with RLJ (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.21, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.21 | 0.32 | 0.42 | 70 | Momentum, S&P 500 | RLJ vs SPMO | |
| Capital Group Dividend Value ETF | 0.41 | 0.48 | — | 72 | Large Cap Value Equities, Dividend | RLJ vs CGDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RLJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLJ and solid risk/return profiles. The least correlated is EPR Properties (EPR) (Real Estate) with a 1Y correlation of 0.32, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EPR Properties | 0.32 | 0.42 | 0.52 | 52 | Real Estate | |
| Annaly Capital Management, Inc. | 0.39 | 0.42 | 0.47 | 81 | Real Estate | |
| First Horizon Corporation | 0.43 | 0.42 | 0.42 | 72 | Financial Services | |
| The PNC Financial Services Group, Inc. | 0.47 | 0.49 | 0.50 | 80 | Financial Services |
Build a portfolio that complements RLJ
Add RLJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RLJ