Looking to balance out your exposure to RR? The ETFs below have the lowest correlation with RR — they tend to move on their own, which can help reduce risk when RR drops. The stock ideas table highlights individual companies that behave independently from RR.
Best Diversifiers for RR
1 ETFs have low correlation with RR (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.20, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.15 | 0.15 | 77 | Dividend | RR vs SCHD | |
| ProShares Ultra Semiconductors | 0.34 | — | — | 82 | Leveraged Equities, Semiconductors | RR vs USD | |
| Sprott Junior Copper Miners ETF | 0.38 | — | — | 56 | Copper | RR vs COPJ | |
| iShares Global Clean Energy ETF | 0.40 | 0.27 | 0.27 | 70 | Alternative Energy Equities | RR vs ICLN | |
| Invesco QQQ ETF | 0.43 | — | — | 59 | Nasdaq-100 | RR vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RR and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.08 | 0.01 | 0.01 | 80 | Energy | |
| Energy Transfer LP | -0.07 | 0.03 | 0.03 | 72 | Energy | |
| Enterprise Products Partners L.P. | 0.01 | — | — | 85 | Energy | |
| BP p.l.c. | 0.05 | 0.07 | 0.07 | 77 | Energy | |
| Halliburton Company | 0.06 | — | — | 88 | Energy |
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