Looking to diversify beyond RSPS? The ETFs below have the lowest correlation with RSPS — 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 RSPS.
Best Diversifiers for RSPS
1355 ETFs have low correlation with RSPS (below 0.3), 185 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.28, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.28 | -0.13 | 0.04 | 89 | Leveraged Equities, Semiconductors | RSPS vs USD | |
| ProShares UltraShort Yen | -0.24 | -0.16 | -0.12 | 61 | Leveraged Currency | RSPS vs YCS | |
| Alger AI Enablers & Adopters ETF | -0.22 | — | — | 68 | Technology Equities | RSPS vs ALAI | |
| Pacer Data and Digital Revolution ETF | -0.21 | -0.05 | — | 85 | Technology Equities | RSPS vs TRFK | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.21 | — | — | 70 | Technology Equities | RSPS vs FAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RSPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RSPS and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.23 | 0.27 | 0.32 | 94 | Energy |
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