Looking to balance out your exposure to ROCK? The ETFs below have the lowest correlation with ROCK — they tend to move on their own, which can help reduce risk when ROCK drops. The stock ideas table highlights individual companies that behave independently from ROCK.
Best Diversifiers for ROCK
0 ETFs have low correlation with ROCK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.43, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.43 | 0.48 | 0.53 | 70 | S&P 500 | ROCK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.48 | 0.53 | 70 | S&P 500 | ROCK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROCK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROCK and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | 0.30 | 0.35 | 0.38 | 94 | Technology | |
| Diodes Incorporated | 0.40 | 0.45 | 0.48 | 91 | Technology |
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