Looking to diversify beyond RSPC? The ETFs below have historically moved differently from RSPC, 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 RSPC
517 ETFs have low correlation with RSPC (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.28 | — | 61 | Cryptocurrency | RSPC vs BITI | |
| Alpha Architect Tail Risk ETF | -0.17 | -0.01 | — | 56 | Options Trading | RSPC vs CAOS | |
| Invesco DB Energy Fund | -0.16 | -0.06 | 0.07 | 72 | Oil & Gas | RSPC vs DBE | |
| United States Brent Oil Fund LP | -0.14 | -0.06 | 0.06 | 52 | Oil & Gas | RSPC vs BNO | |
| Invesco DB Oil Fund | -0.14 | -0.05 | 0.07 | 58 | Oil & Gas | RSPC vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPC, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.08, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.08 | 0.13 | 0.30 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.05 | 0.21 | 0.33 | 94 | Technology | |
| Flex Ltd. | -0.03 | 0.24 | 0.40 | 91 | Technology | |
| Johnson Controls International plc | -0.01 | 0.29 | 0.44 | 85 | Industrials | |
| Caterpillar Inc. | 0.02 | 0.31 | 0.38 | 92 | Industrials |
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