Looking to diversify beyond RSPG? The ETFs below have the lowest correlation with RSPG — 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 RSPG.
Best Diversifiers for RSPG
1459 ETFs have low correlation with RSPG (below 0.3), 925 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.29 | — | — | 51 | Global Bonds | RSPG vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.10 | — | 72 | Municipal Bonds | RSPG vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.27 | — | — | 85 | Municipal Bonds | RSPG vs FMUB | |
| BNY Mellon Ultra Short Income ETF | -0.27 | -0.15 | — | 99 | Ultrashort Bond | RSPG vs BKUI | |
| Franklin Short Duration U.S. Government ETF | -0.26 | -0.14 | -0.09 | 96 | Mortgage Backed Securities | RSPG vs FTSD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPG and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.14 | 0.21 | 0.19 | 73 | Utilities | |
| Energy Transfer LP | 0.55 | 0.56 | 0.62 | 84 | Energy | |
| Chevron Corporation | 0.82 | 0.81 | 0.85 | 70 | Energy |
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