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
323 ETFs have low correlation with RSPD (below 0.3), 67 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.10 | 0.06 | 71 | Oil & Gas | RSPD vs DBE | |
| United States Oil Fund LP | -0.34 | -0.10 | 0.05 | 66 | Oil & Gas | RSPD vs USO | |
| United States 12 Month Oil Fund LP | -0.32 | -0.08 | 0.07 | 56 | Oil & Gas | RSPD vs USL | |
| United States Gasoline Fund LP | -0.32 | -0.08 | 0.06 | 71 | Oil & Gas | RSPD vs UGA | |
| United States Brent Oil Fund LP | -0.32 | -0.09 | 0.05 | 65 | Oil & Gas | RSPD vs BNO |
To view more results, upgrade your current subscription plan.
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 0.14, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | 0.14 | 0.32 | 0.44 | 83 | Technology | |
| Tesla, Inc. | 0.35 | 0.44 | 0.49 | 55 | Consumer Cyclical |
Build a portfolio that complements RSPD
Add RSPD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RSPD