Looking to balance out your exposure to ROOT? The ETFs below have the lowest correlation with ROOT — they tend to move on their own, which can help reduce risk when ROOT drops. The stock ideas table highlights individual companies that behave independently from ROOT.
Best Diversifiers for ROOT
3 ETFs have low correlation with ROOT (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.13 | 0.14 | 50 | Energy Equities | ROOT vs XLE | |
| VanEck Semiconductor ETF | 0.19 | 0.21 | 0.31 | 92 | Semiconductors, Technology Equities | ROOT vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.27 | 0.31 | 86 | Dividend | ROOT vs SCHD | |
| Avantis International Small Cap Value ETF | 0.30 | 0.28 | 0.33 | 69 | Foreign Small & Mid Cap Equities | ROOT vs AVDV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.30 | 0.27 | — | 65 | Nasdaq-100, Derivative Income | ROOT vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROOT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.08 | 0.13 | 71 | Consumer Defensive | |
| CVS Health Corporation | -0.02 | 0.07 | 0.09 | 92 | Healthcare | |
| Argan, Inc. | 0.05 | 0.16 | 0.19 | 94 | Industrials | |
| Micron Technology, Inc. | 0.06 | 0.16 | 0.25 | 99 | Technology | |
| Quanta Services, Inc. | 0.06 | 0.22 | 0.26 | 89 | Industrials |
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Build a portfolio that complements ROOT
Add ROOT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ROOT