Looking to balance out your exposure to RRC? The ETFs below have the lowest correlation with RRC — they tend to move on their own, which can help reduce risk when RRC drops. The stock ideas table highlights individual companies that behave independently from RRC.
Best Diversifiers for RRC
4 ETFs have low correlation with RRC (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of -0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | -0.09 | 0.15 | 0.30 | 51 | Momentum, S&P 500 | RRC vs SPMO | |
| Vanguard Information Technology ETF | -0.08 | 0.12 | 0.22 | 50 | Technology Equities | RRC vs VGT | |
| Vanguard S&P 500 ETF | -0.05 | 0.17 | 0.30 | 66 | S&P 500 | RRC vs VOO | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.08 | 0.06 | 99 | CLO | RRC vs JAAA | |
| Alerian MLP ETF | 0.50 | 0.50 | 0.56 | 56 | MLPs | RRC vs AMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RRC and solid risk/return profiles. The least correlated is Brinker International, Inc. (EAT) (Consumer Cyclical) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brinker International, Inc. | -0.18 | 0.08 | 0.14 | 52 | Consumer Cyclical | |
| AerCap Holdings N.V. | -0.17 | 0.10 | 0.26 | 77 | Industrials | |
| BorgWarner Inc. | -0.11 | 0.12 | 0.24 | 90 | Consumer Cyclical | |
| Autoliv, Inc. | -0.11 | 0.09 | 0.20 | 55 | Consumer Cyclical | |
| STMicroelectronics N.V. | -0.08 | 0.09 | 0.17 | 85 | Technology |
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Build a portfolio that complements RRC
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