Looking to diversify beyond RSP? The ETFs below have historically moved differently from RSP, 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 RSP
218 ETFs have low correlation with RSP (below 0.3), 46 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 69 | Derivative Income | RSP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.35 | -0.32 | — | 51 | Cryptocurrency | RSP vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.10 | 66 | Oil & Gas | RSP vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.10 | 51 | Oil & Gas | RSP vs DBO | |
| United States Gasoline Fund, LP | -0.24 | -0.07 | 0.09 | 83 | Oil & Gas | RSP vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSP, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.06, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.06 | 0.19 | 0.31 | 68 | Energy | |
| Altria Group, Inc. | -0.06 | 0.16 | 0.26 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.05 | 0.22 | 0.34 | 79 | Energy | |
| Suncor Energy Inc. | -0.05 | 0.19 | 0.33 | 93 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.21 | 0.32 | 85 | Energy |
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