Looking to balance out your exposure to RS? The ETFs below have historically moved differently from RS, 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 RS
0 ETFs have low correlation with RS (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, down from 0.47 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 | 0.42 | 0.47 | 72 | S&P 500 | RS vs SPY | |
| Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 0.33 | 0.38 | 0.43 | 70 | Foreign Large Cap Equities, Dividend | RS vs HDEF | |
| WisdomTree U.S. LargeCap Dividend Fund | 0.42 | 0.52 | 0.53 | 90 | Large Cap Value Equities, Dividend | RS vs DLN | |
| Schwab U.S. Dividend Equity ETF | 0.46 | 0.53 | 0.56 | 95 | Dividend | RS vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RS, 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 Sunoco LP (SUN) (Energy) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | -0.00 | 0.14 | 0.22 | 88 | Energy | |
| Restaurant Brands International Inc. | 0.03 | 0.25 | 0.30 | 57 | Consumer Cyclical | |
| Amazon.com, Inc | 0.09 | 0.18 | 0.24 | 70 | Consumer Cyclical | |
| AbbVie Inc. | 0.10 | 0.17 | 0.15 | 73 | Healthcare | |
| Broadcom Inc. | 0.10 | 0.17 | 0.26 | 69 | Technology |
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