Looking to diversify beyond ROKT? The ETFs below have historically moved differently from ROKT, 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 ROKT
379 ETFs have low correlation with ROKT (below 0.3), 44 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | ROKT vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | — | 51 | Cryptocurrency | ROKT vs BITI | |
| ProShares UltraShort Yen | -0.15 | -0.04 | -0.05 | 59 | Leveraged Currency | ROKT vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.15 | -0.11 | -0.07 | 51 | Nontraditional Bonds | ROKT vs RISR | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ROKT vs USFR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ROKT, 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 International Seaways, Inc. (INSW) (Industrials) with a 1Y correlation of 0.08, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.08 | 0.17 | 0.23 | 98 | Industrials | |
| Macy's, Inc. | 0.16 | 0.32 | 0.41 | 93 | Consumer Cyclical | |
| Eni S.p.A. | 0.18 | 0.24 | 0.32 | 93 | Energy | |
| Lumentum Holdings Inc. | 0.32 | 0.42 | 0.47 | 98 | Technology | |
| Seagate Technology plc | 0.33 | 0.37 | 0.45 | 99 | Technology |
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