Looking to diversify beyond RSPH? The ETFs below have the lowest correlation with RSPH — 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 RSPH.
Best Diversifiers for RSPH
478 ETFs have low correlation with RSPH (below 0.3), 53 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.29 | -0.13 | -0.02 | 65 | Oil & Gas | RSPH vs BNO | |
| United States Oil Fund LP | -0.29 | -0.14 | -0.02 | 66 | Oil & Gas | RSPH vs USO | |
| Invesco DB Energy Fund | -0.28 | -0.13 | -0.01 | 71 | Oil & Gas | RSPH vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.12 | -0.01 | 65 | Oil & Gas | RSPH vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.27 | -0.12 | -0.01 | 56 | Leveraged Commodities | RSPH vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPH and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.10, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.10 | 0.30 | 0.38 | 75 | Real Estate | |
| Intellia Therapeutics, Inc. | 0.31 | 0.42 | 0.45 | 66 | Healthcare |
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