Looking to balance out your exposure to RNECY? The ETFs below have the lowest correlation with RNECY — they tend to move on their own, which can help reduce risk when RNECY drops. The stock ideas table highlights individual companies that behave independently from RNECY.
No Diversifiers Found for RNECY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNECY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNECY and solid risk/return profiles. The least correlated is Nordic Semiconductor ASA (NRSDY) (Technology) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordic Semiconductor ASA | 0.01 | 0.05 | — | 89 | Technology | |
| AbbVie Inc. | 0.08 | 0.06 | 0.06 | 62 | Healthcare | |
| Veolia Environnement SA ADR | 0.21 | 0.20 | 0.27 | 69 | Industrials | |
| Rohm Co Ltd ADR | 0.29 | 0.44 | 0.44 | 96 | Technology | |
| Qorvo, Inc. | 0.30 | 0.36 | 0.42 | 66 | Technology |
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