Looking to diversify beyond RSPN? The ETFs below have historically moved differently from RSPN, 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 RSPN
285 ETFs have low correlation with RSPN (below 0.3), 71 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.29, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.29 | -0.08 | — | 56 | Options Trading | RSPN vs CAOS | |
| Invesco DB Energy Fund | -0.28 | -0.09 | 0.07 | 72 | Oil & Gas | RSPN vs DBE | |
| ProShares Short Bitcoin ETF | -0.28 | -0.28 | — | 61 | Cryptocurrency | RSPN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RSPN vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | RSPN vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPN, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.09, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.09 | 0.29 | 0.36 | 80 | Technology | |
| Broadcom Inc. | 0.16 | 0.31 | 0.42 | 67 | Technology | |
| IREN Limited | 0.19 | 0.31 | 0.31 | 78 | Financial Services | |
| NVIDIA Corporation | 0.20 | 0.30 | 0.44 | 56 | Technology | |
| Eversource Energy | 0.23 | 0.28 | 0.33 | 61 | Utilities |
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