Looking to balance out your exposure to RNP? The ETFs below have the lowest correlation with RNP — they tend to move on their own, which can help reduce risk when RNP drops. The stock ideas table highlights individual companies that behave independently from RNP.
Best Diversifiers for RNP
16 ETFs have low correlation with RNP (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.04 | 0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | RNP vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.03 | 0.01 | 100 | Ultrashort Bond | RNP vs SGOV | |
| VanEck Semiconductor ETF | 0.04 | 0.17 | 0.28 | 93 | Semiconductors, Technology Equities | RNP vs SMH | |
| Invesco QQQ ETF | 0.11 | 0.26 | 0.38 | 61 | Nasdaq-100 | RNP vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.11 | 0.26 | — | 68 | Nasdaq-100, Derivative Income | RNP vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNP and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.04 | 0.23 | 0.30 | 83 | Energy | |
| Enterprise Products Partners L.P. | 0.06 | 0.24 | 0.30 | 85 | Energy | |
| BlackRock Science and Technology Trust | 0.14 | 0.27 | 0.40 | 86 | Financial Services | |
| Lincoln National Corporation | 0.29 | 0.40 | 0.43 | 65 | Financial Services | |
| Reaves Utility Income Trust | 0.30 | 0.47 | 0.51 | 74 | Financial Services |
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