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
546 ETFs have low correlation with RSPH (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.13 | -0.11 | 72 | Leveraged Currency | RSPH vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.16 | -0.02 | 53 | Oil & Gas | RSPH vs DBE | |
| United States Gasoline Fund LP | -0.26 | -0.13 | -0.01 | 78 | Oil & Gas | RSPH vs UGA | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.22 | -0.28 | 51 | Currency | RSPH vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.10 | 0.03 | 51 | Commodities | RSPH vs GSG |
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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 0.21, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.21 | 0.33 | 0.39 | 92 | Real Estate | |
| Intellia Therapeutics, Inc. | 0.31 | 0.41 | 0.45 | 53 | Healthcare |
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