Looking to balance out your exposure to RPRX? The ETFs below have historically moved differently from RPRX, 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 RPRX
16 ETFs have low correlation with RPRX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.03 | 0.09 | 0.17 | 70 | Energy Equities | RPRX vs VDE | |
| VanEck Oil Services ETF | -0.01 | 0.10 | 0.17 | 81 | Energy Equities | RPRX vs OIH | |
| T. Rowe Price Ultra Short-Term Bond ETF | 0.01 | 0.05 | — | 99 | Ultrashort Bond | RPRX vs TBUX | |
| United States Copper Index Fund | 0.04 | 0.09 | 0.12 | 61 | Copper, Metals | RPRX vs CPER | |
| Invesco S&P 500 Momentum ETF | 0.04 | 0.08 | 0.23 | 50 | Momentum, S&P 500 | RPRX vs SPMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RPRX, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.10 | -0.05 | 0.09 | 69 | Technology | |
| Nutrien Ltd. | -0.08 | 0.16 | 0.17 | 58 | Basic Materials | |
| Arista Networks, Inc. | -0.07 | -0.02 | 0.11 | 74 | Technology | |
| Energy Transfer LP | -0.05 | 0.08 | 0.13 | 82 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.01 | 0.10 | 88 | Technology |
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