Looking to balance out your exposure to ROAD? The ETFs below have the lowest correlation with ROAD — they tend to move on their own, which can help reduce risk when ROAD drops. The stock ideas table highlights individual companies that behave independently from ROAD.
Best Diversifiers for ROAD
0 ETFs have low correlation with ROAD (below 0.3), 0 of which are negatively correlated. The least correlated is Blackrock Large Cap Value ETF (BLCV) (Large Cap Value Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Blackrock Large Cap Value ETF | 0.44 | 0.44 | — | 57 | Large Cap Value Equities | ROAD vs BLCV | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.49 | 0.49 | 74 | S&P 500 | ROAD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROAD and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.19, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.19 | 0.08 | 0.15 | 72 | Energy | |
| International Seaways, Inc. | 0.04 | 0.14 | 0.18 | 95 | Energy | |
| Eli Lilly and Company | 0.05 | 0.16 | 0.18 | 75 | Healthcare | |
| Natera, Inc. | 0.08 | 0.25 | 0.28 | 63 | Healthcare | |
| UnitedHealth Group Incorporated | 0.08 | 0.04 | 0.11 | 66 | Healthcare |
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