Looking to diversify beyond RSP? The ETFs below have the lowest correlation with RSP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RSP.
Best Diversifiers for RSP
271 ETFs have low correlation with RSP (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.13 | 71 | Oil & Gas | RSP vs DBE | |
| United States Oil Fund LP | -0.25 | -0.03 | 0.12 | 66 | Oil & Gas | RSP vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.02 | 0.12 | 65 | Oil & Gas | RSP vs BNO | |
| United States 12 Month Oil Fund LP | -0.23 | -0.00 | 0.14 | 56 | Oil & Gas | RSP vs USL | |
| Invesco DB Oil Fund | -0.23 | -0.01 | 0.13 | 65 | Oil & Gas | RSP vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.19 | 0.29 | 67 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.00 | 0.19 | 0.21 | 88 | Energy | |
| BP p.l.c. | 0.00 | 0.22 | 0.32 | 87 | Energy | |
| Suncor Energy Inc. | 0.02 | 0.25 | 0.36 | 95 | Energy | |
| Chevron Corporation | 0.03 | 0.26 | 0.35 | 83 | Energy |
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