Looking to balance out your exposure to ROL? The ETFs below have the lowest correlation with ROL — they tend to move on their own, which can help reduce risk when ROL drops. The stock ideas table highlights individual companies that behave independently from ROL.
Best Diversifiers for ROL
11 ETFs have low correlation with ROL (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.03 | 0.14 | 0.25 | 74 | Nasdaq-100 | ROL vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.00 | — | — | 70 | Nasdaq-100, Derivative Income | ROL vs QQQI | |
| Vanguard Total World Stock ETF | 0.10 | 0.23 | 0.32 | 70 | Global Equities | ROL vs VT | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.24 | 0.35 | 74 | S&P 500 | ROL vs SPY | |
| Vanguard S&P 500 ETF | 0.10 | 0.25 | 0.35 | 74 | S&P 500 | ROL vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROL and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.04 | 0.09 | 0.19 | 94 | Technology | |
| QUALCOMM Incorporated | -0.03 | 0.07 | 0.16 | 78 | Technology | |
| Chevron Corporation | -0.02 | 0.02 | 0.10 | 84 | Energy | |
| Monolithic Power Systems, Inc. | -0.01 | 0.08 | 0.17 | 93 | Technology | |
| Alphabet Inc. Class A | 0.00 | 0.06 | 0.15 | 96 | Communication Services |
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