Looking to balance out your exposure to RPM? The ETFs below have the lowest correlation with RPM — they tend to move on their own, which can help reduce risk when RPM drops. The stock ideas table highlights individual companies that behave independently from RPM.
Best Diversifiers for RPM
1 ETFs have low correlation with RPM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.25, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.25 | 0.34 | 0.41 | 96 | Semiconductors, Technology Equities | RPM vs SMH | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.53 | 0.59 | 70 | S&P 500 | RPM vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.53 | 0.59 | 70 | S&P 500 | RPM vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.52 | 0.60 | 0.63 | 80 | Dividend | RPM vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RPM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RPM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.07 | 0.18 | 69 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.23 | 0.28 | 0.31 | 95 | Technology | |
| Monolithic Power Systems, Inc. | 0.30 | 0.37 | 0.40 | 93 | Technology | |
| Photronics, Inc. | 0.33 | 0.42 | 0.42 | 75 | Technology | |
| Merck & Co., Inc. | 0.37 | 0.17 | 0.17 | 87 | Healthcare |
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