Looking to diversify beyond ROKT? The ETFs below have the lowest correlation with ROKT — 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 ROKT.
Best Diversifiers for ROKT
336 ETFs have low correlation with ROKT (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.12 | 0.04 | 0.14 | 71 | Oil & Gas | ROKT vs DBE | |
| ProShares UltraShort Yen | -0.10 | -0.02 | -0.03 | 63 | Leveraged Currency | ROKT vs YCS | |
| United States Oil Fund LP | -0.10 | 0.05 | 0.14 | 66 | Oil & Gas | ROKT vs USO | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ROKT vs USFR | |
| Obra Opportunistic Structured Products ETF | -0.10 | -0.06 | -0.06 | 69 | Multisector Bonds | ROKT vs OOSP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROKT and solid risk/return profiles. The least correlated is Eni S.p.A. (E) (Energy) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eni S.p.A. | 0.16 | 0.26 | 0.34 | 97 | Energy | |
| Macy's, Inc. | 0.18 | 0.36 | 0.44 | 86 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.26 | 0.41 | 0.47 | 99 | Technology | |
| Seagate Technology plc | 0.30 | 0.36 | 0.45 | 99 | Technology | |
| Micron Technology, Inc. | 0.31 | 0.39 | 0.44 | 99 | Technology |
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