Looking to diversify beyond RSPD? The ETFs below have historically moved differently from RSPD, 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 RSPD
302 ETFs have low correlation with RSPD (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.17 | 0.02 | 66 | Oil & Gas | RSPD vs DBE | |
| United States Gasoline Fund, LP | -0.36 | -0.13 | 0.02 | 83 | Oil & Gas | RSPD vs UGA | |
| Invesco DB Oil Fund | -0.35 | -0.14 | 0.02 | 51 | Oil & Gas | RSPD vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.10 | 0.06 | 61 | Commodities | RSPD vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.32 | -0.10 | 0.06 | 56 | Commodities | RSPD vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPD, 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 Datadog, Inc. (DDOG) (Technology) with a 1Y correlation of 0.15, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | 0.15 | 0.30 | 0.44 | 83 | Technology |
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