Looking to balance out your exposure to RPD? The ETFs below have the lowest correlation with RPD — they tend to move on their own, which can help reduce risk when RPD drops. The stock ideas table highlights individual companies that behave independently from RPD.
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 0.23, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.38 | 0.48 | 74 | S&P 500 | RPD vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.38 | 0.48 | 74 | S&P 500 | RPD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RPD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RPD and solid risk/return profiles. The least correlated is Cloudflare, Inc. (NET) (Technology) with a 1Y correlation of 0.34, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cloudflare, Inc. | 0.34 | 0.42 | 0.55 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | 0.52 | 0.47 | 0.56 | 72 | Technology |
Build a portfolio that complements RPD
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