Looking to diversify beyond RSPS? The ETFs below have historically moved differently from RSPS, 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 RSPS
1471 ETFs have low correlation with RSPS (below 0.3), 422 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.36, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.36 | -0.17 | 0.01 | 52 | Leveraged Equities, Semiconductors | RSPS vs USD | |
| Columbia Select Technology ETF | -0.31 | -0.07 | — | 54 | Semiconductors, Technology Equities | RSPS vs SEMI | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.31 | -0.07 | — | 59 | Artificial Intelligence, Technology Equities | RSPS vs WTAI | |
| TCW Artificial Intelligence ETF | -0.30 | — | — | 73 | Artificial Intelligence, Technology Equities | RSPS vs AIFD | |
| Vanguard Information Technology ETF | -0.29 | -0.07 | 0.12 | 52 | Technology Equities | RSPS vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPS, 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 TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.21, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.21 | 0.26 | 0.31 | 95 | Energy | |
| Casey's General Stores, Inc. | 0.25 | 0.28 | 0.37 | 94 | Consumer Defensive | |
| Enbridge Inc. | 0.27 | 0.34 | 0.39 | 85 | Energy |
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