Looking to diversify beyond RSPG? The ETFs below have historically moved differently from RSPG, 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 RSPG
1662 ETFs have low correlation with RSPG (below 0.3), 1089 of which are negatively correlated. The least correlated is Dimensional California Municipal Bond ETF (DFCA) (Municipal Bonds) with a 1Y correlation of -0.30, down from -0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional California Municipal Bond ETF | -0.30 | -0.10 | — | 66 | Municipal Bonds | RSPG vs DFCA | |
| Vanguard Tax-Exempt Bond ETF | -0.30 | -0.09 | -0.07 | 68 | Municipal Bonds | RSPG vs VTEB | |
| Fidelity Municipal Bond Opportunities ETF | -0.30 | — | — | 69 | Municipal Bonds | RSPG vs FMUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.29 | -0.08 | -0.07 | 75 | Municipal Bonds | RSPG vs FLMI | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.17 | — | 99 | Ultrashort Bond | RSPG vs BKUI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPG, 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 Alibaba Group Holding Limited (BABA) (Consumer Cyclical) with a 1Y correlation of -0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited | -0.00 | 0.13 | 0.16 | 50 | Consumer Cyclical | |
| NextEra Energy, Inc. | 0.15 | 0.20 | 0.20 | 77 | Utilities | |
| Energy Transfer LP | 0.54 | 0.56 | 0.61 | 82 | Energy | |
| Chevron Corporation | 0.82 | 0.81 | 0.85 | 79 | Energy |
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