Looking to diversify beyond RSPD? The ETFs below have the lowest correlation with RSPD — 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 RSPD.
Best Diversifiers for RSPD
277 ETFs have low correlation with RSPD (below 0.3), 62 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.40 | -0.40 | -0.40 | 99 | Leveraged Equities, Semiconductors | RSPD vs MUU | |
| Invesco DB Energy Fund | -0.35 | -0.13 | 0.05 | 53 | Oil & Gas | RSPD vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.11 | 0.04 | 78 | Oil & Gas | RSPD vs UGA | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.25 | -0.30 | 51 | Currency | RSPD vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.07 | 0.09 | 51 | Commodities | RSPD vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPD and solid risk/return profiles. The least correlated is Datadog, Inc. (DDOG) (Technology) with a 1Y correlation of 0.16, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | 0.16 | 0.31 | 0.44 | 81 | Technology | |
| Tesla, Inc. | 0.34 | 0.43 | 0.49 | 63 | Consumer Cyclical |
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