Looking to diversify beyond RSPR? The ETFs below have historically moved differently from RSPR, 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 RSPR
960 ETFs have low correlation with RSPR (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.25 | -0.18 | 56 | Leveraged Currency | RSPR vs YCS | |
| Invesco DB Energy Fund | -0.20 | -0.15 | 0.01 | 72 | Oil & Gas | RSPR vs DBE | |
| United States Brent Oil Fund LP | -0.20 | -0.13 | -0.00 | 52 | Oil & Gas | RSPR vs BNO | |
| United States Oil Fund LP | -0.19 | -0.13 | 0.00 | 55 | Oil & Gas | RSPR vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.09 | 0.05 | 72 | Commodities | RSPR vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPR, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.21 | 0.25 | 0.38 | 89 | Technology | |
| Berkshire Hathaway Inc. | 0.34 | 0.42 | 0.49 | 61 | Financial Services | |
| Annaly Capital Management, Inc. | 0.47 | 0.56 | 0.57 | 80 | Real Estate | |
| Welltower Inc. | 0.49 | 0.59 | 0.66 | 89 | Real Estate | |
| Physicians Realty Trust | 0.69 | 0.75 | 0.78 | 81 | Real Estate |
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