Looking to diversify beyond RSPM? The ETFs below have historically moved differently from RSPM, 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 RSPM
242 ETFs have low correlation with RSPM (below 0.3), 16 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.23 | — | 61 | Cryptocurrency | RSPM vs BITI | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.08 | — | 56 | Options Trading | RSPM vs CAOS | |
| Invesco DB Energy Fund | -0.21 | -0.01 | 0.16 | 72 | Oil & Gas | RSPM vs DBE | |
| United States Brent Oil Fund LP | -0.18 | 0.01 | 0.14 | 52 | Oil & Gas | RSPM vs BNO | |
| Invesco DB Oil Fund | -0.16 | 0.02 | 0.17 | 58 | Oil & Gas | RSPM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPM, 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 Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of 0.05, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | 0.05 | 0.26 | 0.35 | 98 | Energy | |
| Energy Transfer LP | 0.07 | 0.27 | 0.40 | 81 | Energy | |
| AbbVie Inc. | 0.13 | 0.25 | 0.25 | 81 | Healthcare | |
| Berkshire Hathaway Inc. | 0.24 | 0.40 | 0.55 | 61 | Financial Services | |
| Realty Income Corporation | 0.27 | 0.35 | 0.41 | 77 | Real Estate |
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