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
6 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 0.01, 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 | 0.01 | 0.05 | — | 99 | Ultrashort Bond | RPRX vs TBUX | |
| Invesco S&P 500 Momentum ETF | 0.11 | 0.11 | 0.25 | 68 | Momentum, S&P 500 | RPRX vs SPMO | |
| Invesco QQQ ETF | 0.13 | 0.10 | 0.23 | 59 | Nasdaq-100 | RPRX vs QQQ | |
| iShares Russell 2000 ETF | 0.16 | 0.26 | 0.35 | 67 | Small Cap Blend Equities | RPRX vs IWM | |
| Vanguard S&P 500 ETF | 0.19 | 0.20 | 0.32 | 59 | S&P 500 | RPRX vs VOO |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | 0.08 | 0.15 | 70 | Energy | |
| Broadcom Inc. | -0.03 | -0.03 | 0.10 | 72 | Technology | |
| Antero Midstream Corporation | -0.03 | 0.11 | 0.20 | 75 | Energy | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.01 | 0.15 | 65 | Technology | |
| Arista Networks, Inc. | -0.03 | -0.00 | 0.12 | 79 | Technology |
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