Looking to diversify beyond ROBO? The ETFs below have the lowest correlation with ROBO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ROBO.
Best Diversifiers for ROBO
296 ETFs have low correlation with ROBO (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.39 | 57 | Cryptocurrency | ROBO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ROBO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 68 | Inverse Equities, Leveraged Equities | ROBO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.44 | -0.44 | 70 | Derivative Income | ROBO vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.31 | -0.38 | 51 | Currency | ROBO vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROBO and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.33, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.33 | -0.04 | 0.10 | 53 | Industrials | |
| Altria Group, Inc. | -0.29 | -0.07 | 0.03 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.27 | -0.05 | 0.09 | 83 | Consumer Defensive | |
| Chubb Limited | -0.26 | -0.06 | 0.13 | 86 | Financial Services | |
| Duke Energy Corporation | -0.25 | -0.09 | -0.00 | 66 | Utilities |
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Build a portfolio that complements ROBO
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