Looking to diversify beyond RSPC? The ETFs below have the lowest correlation with RSPC — 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 RSPC.
Best Diversifiers for RSPC
449 ETFs have low correlation with RSPC (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.27 | -0.29 | -0.31 | 57 | Cryptocurrency | RSPC vs BITI | |
| Invesco DB Energy Fund | -0.12 | -0.04 | 0.09 | 53 | Oil & Gas | RSPC vs DBE | |
| Breakwave Tanker Shipping ETF | -0.09 | -0.04 | — | 99 | Commodities | RSPC vs BWET | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.09 | 0.00 | 0.12 | 51 | Commodities | RSPC vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.07 | -0.00 | -0.00 | 51 | Commodities | RSPC vs DCMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPC and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.04, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.04 | 0.18 | 0.35 | 99 | Technology | |
| Flex Ltd. | 0.01 | 0.26 | 0.42 | 94 | Technology | |
| Advanced Micro Devices, Inc. | 0.01 | 0.26 | 0.40 | 97 | Technology | |
| Johnson Controls International plc | 0.03 | 0.31 | 0.45 | 82 | Industrials | |
| NextEra Energy, Inc. | 0.05 | 0.19 | 0.28 | 73 | Utilities |
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Build a portfolio that complements RSPC
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