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
1 ETFs have low correlation with ROOT (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.24, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.24 | 0.21 | 0.32 | 96 | Semiconductors, Technology Equities | ROOT vs SMH | |
| Vanguard FTSE Emerging Markets ETF | 0.32 | 0.26 | 0.34 | 56 | Emerging Markets Equities | ROOT vs VWO | |
| WisdomTree Emerging Markets SmallCap Dividend Fund | 0.33 | 0.26 | 0.31 | 51 | Emerging Markets Diversified, Dividend | ROOT vs DGS | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.35 | 0.26 | — | 74 | Nasdaq-100, Derivative Income | ROOT vs JEPQ | |
| Vanguard FTSE Developed Markets ETF | 0.38 | 0.31 | 0.35 | 59 | Foreign Large Cap Equities | ROOT vs VEA |
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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 -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.08 | 0.13 | 63 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.12 | 0.17 | 0.25 | 95 | Technology | |
| Micron Technology, Inc. | 0.13 | 0.19 | 0.27 | 99 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.13 | 0.07 | 0.05 | 81 | Basic Materials | |
| UnitedHealth Group Incorporated | 0.13 | 0.05 | 0.08 | 61 | Healthcare |
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Build a portfolio that complements ROOT
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