Looking to balance out your exposure to RQI? The ETFs below have the lowest correlation with RQI — they tend to move on their own, which can help reduce risk when RQI drops. The stock ideas table highlights individual companies that behave independently from RQI.
Best Diversifiers for RQI
12 ETFs have low correlation with RQI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.03 | 0.01 | 100 | Ultrashort Bond | RQI vs SGOV | |
| Alger Concentrated Equity ETF | 0.10 | — | — | 50 | Large Cap Growth Equities | RQI vs CNEQ | |
| VanEck Fabless Semiconductor ETF | 0.13 | — | — | 87 | Semiconductors, Technology Equities | RQI vs SMHX | |
| Convergence Long/Short Equity ETF | 0.13 | 0.19 | — | 95 | Long-Short, Actively Managed | RQI vs CLSE | |
| PIMCO Senior Loan Active Exchange-Traded Fund | 0.17 | 0.17 | — | 72 | Bank Loan | RQI vs LONZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RQI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RQI and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of 0.07, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | 0.07 | 0.24 | 0.32 | 80 | Energy | |
| Energy Transfer LP | 0.09 | 0.23 | 0.31 | 72 | Energy | |
| Enterprise Products Partners L.P. | 0.13 | 0.28 | 0.35 | 85 | Energy | |
| Altria Group, Inc. | 0.13 | 0.28 | 0.31 | 72 | Consumer Defensive | |
| BlackRock Science and Technology Trust | 0.18 | 0.27 | 0.41 | 88 | Financial Services |
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Build a portfolio that complements RQI
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