Looking to balance out your exposure to ROAD? The ETFs below have historically moved differently from ROAD, 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 ROAD
0 ETFs have low correlation with ROAD (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 0.44, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.50 | 0.49 | 67 | S&P 500 | ROAD vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ROAD, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.06, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.06 | 0.17 | 0.18 | 83 | Healthcare | |
| Natera, Inc. | 0.07 | 0.24 | 0.28 | 90 | Healthcare | |
| International Seaways, Inc. | 0.08 | 0.13 | 0.18 | 99 | Energy | |
| UnitedHealth Group Incorporated | 0.08 | 0.03 | 0.10 | 86 | Healthcare | |
| Super Group (SGHC) Limited | 0.11 | 0.24 | 0.24 | 67 | Consumer Cyclical |
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