Looking to balance out your exposure to RNG? The ETFs below have the lowest correlation with RNG — they tend to move on their own, which can help reduce risk when RNG drops. The stock ideas table highlights individual companies that behave independently from RNG.
Best Diversifiers for RNG
0 ETFs have low correlation with RNG (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 0.33, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.45 | 0.51 | 70 | S&P 500 | RNG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNG and solid risk/return profiles. The least correlated is Fastly, Inc. (FSLY) (Technology) with a 1Y correlation of 0.29, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fastly, Inc. | 0.29 | 0.46 | 0.57 | 84 | Technology | |
| Roku, Inc. | 0.34 | 0.43 | 0.56 | 78 | Communication Services | |
| JFrog Ltd. | 0.41 | 0.41 | 0.50 | 76 | Technology | |
| Zoom Video Communications, Inc. | 0.57 | 0.59 | 0.65 | 64 | Communication Services |
Build a portfolio that complements RNG
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