Looking to balance out your exposure to RPD? The ETFs below have historically moved differently from RPD, 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 RPD
2 ETFs have low correlation with RPD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.18, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.35 | 0.46 | 67 | S&P 500 | RPD vs SPY | |
| Vanguard S&P 500 ETF | 0.18 | 0.35 | 0.46 | 68 | S&P 500 | RPD vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RPD, 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 Cloudflare, Inc. (NET) (Technology) with a 1Y correlation of 0.41, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cloudflare, Inc. | 0.41 | 0.44 | 0.55 | 64 | Technology | |
| CrowdStrike Holdings, Inc. | 0.55 | 0.48 | 0.56 | 80 | Technology |
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