Looking to diversify beyond RSPR? The ETFs below have the lowest correlation with RSPR — 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 RSPR.
Best Diversifiers for RSPR
887 ETFs have low correlation with RSPR (below 0.3), 72 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | RSPR vs MUU | |
| ProShares UltraShort Yen | -0.35 | -0.25 | -0.18 | 72 | Leveraged Currency | RSPR vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.27 | -0.29 | 51 | Currency | RSPR vs UUP | |
| Invesco DB Energy Fund | -0.18 | -0.14 | 0.01 | 53 | Oil & Gas | RSPR vs DBE | |
| United States Gasoline Fund LP | -0.17 | -0.11 | 0.02 | 78 | Oil & Gas | RSPR vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPR and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.19, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.19 | 0.24 | 0.38 | 91 | Technology | |
| Berkshire Hathaway Inc. | 0.34 | 0.41 | 0.49 | 53 | Financial Services | |
| Welltower Inc. | 0.49 | 0.59 | 0.66 | 92 | Real Estate | |
| Annaly Capital Management, Inc. | 0.49 | 0.55 | 0.57 | 83 | Real Estate | |
| Physicians Realty Trust | 0.70 | 0.75 | 0.78 | 72 | Real Estate |
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