Looking to balance out your exposure to RNR? The ETFs below have historically moved differently from RNR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RNR
14 ETFs have low correlation with RNR (below 0.3), 11 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.35 | -0.05 | 0.08 | 57 | Technology Equities | RNR vs VGT | |
| Direxion Daily Technology Bull 3X Shares | -0.35 | -0.05 | 0.08 | 53 | Leveraged Equities, Technology Equities | RNR vs TECL | |
| Invesco QQQ ETF | -0.32 | -0.03 | 0.09 | 54 | Nasdaq-100 | RNR vs QQQ | |
| iShares Semiconductor ETF | -0.30 | -0.07 | 0.05 | 89 | Semiconductors, Technology Equities | RNR vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.29 | -0.07 | 0.05 | 90 | Leveraged Equities, Semiconductors | RNR vs SOXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RNR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.35, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.35 | -0.08 | 0.03 | 70 | Technology | |
| NVIDIA Corporation | -0.28 | -0.05 | 0.06 | 63 | Technology | |
| Celestica Inc. | -0.25 | -0.06 | 0.05 | 76 | Technology | |
| Brookfield Renewable Partners L.P. | -0.25 | -0.03 | 0.02 | 76 | Utilities | |
| First Solar, Inc. | -0.22 | -0.07 | 0.02 | 59 | Technology |
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