Looking to balance out your exposure to RPRX? The ETFs below have the lowest correlation with RPRX — they tend to move on their own, which can help reduce risk when RPRX drops. The stock ideas table highlights individual companies that behave independently from RPRX.
Best Diversifiers for RPRX
13 ETFs have low correlation with RPRX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond ETF (TBUX) (Ultrashort Bond) with a 1Y correlation of 0.00, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond ETF | 0.00 | 0.05 | — | 99 | Ultrashort Bond | RPRX vs TBUX | |
| VanEck Oil Services ETF | 0.01 | 0.11 | 0.18 | 73 | Energy Equities | RPRX vs OIH | |
| Invesco S&P 500 Momentum ETF | 0.03 | 0.08 | 0.23 | 65 | Momentum, S&P 500 | RPRX vs SPMO | |
| Invesco QQQ ETF | 0.07 | 0.09 | 0.23 | 61 | Nasdaq-100 | RPRX vs QQQ | |
| ProShares Nanotechnology ETF | 0.08 | 0.10 | — | 88 | Technology Equities | RPRX vs TINY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RPRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RPRX and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.09 | -0.05 | 0.09 | 72 | Technology | |
| Arista Networks, Inc. | -0.07 | -0.02 | 0.11 | 79 | Technology | |
| Nutrien Ltd. | -0.07 | 0.16 | 0.17 | 60 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.07 | 0.01 | 0.10 | 92 | Technology | |
| Cheniere Energy, Inc. | -0.04 | 0.11 | 0.15 | 56 | Energy |
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