Looking to balance out your exposure to RRGB? The ETFs below have historically moved differently from RRGB, 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 RRGB
0 ETFs have low correlation with RRGB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.30 | 0.36 | 67 | S&P 500 | RRGB vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.30 | 0.36 | 68 | S&P 500 | RRGB vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RRGB, 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 Texas Roadhouse, Inc. (TXRH) (Consumer Cyclical) with a 1Y correlation of 0.20, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Roadhouse, Inc. | 0.20 | 0.30 | 0.43 | 58 | Consumer Cyclical |
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