Looking to diversify beyond RSPT? The ETFs below have historically moved differently from RSPT, 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 RSPT
416 ETFs have low correlation with RSPT (below 0.3), 83 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | RSPT vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | — | 61 | Cryptocurrency | RSPT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RSPT vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | RSPT vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.08 | — | 56 | Options Trading | RSPT vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPT, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.24, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.24 | -0.09 | 0.03 | 66 | Communication Services | |
| Cheniere Energy, Inc. | -0.19 | 0.04 | 0.16 | 57 | Energy | |
| Exxon Mobil Corporation | -0.17 | 0.00 | 0.14 | 84 | Energy | |
| Walmart Inc. | -0.16 | 0.06 | 0.18 | 62 | Consumer Defensive | |
| AbbVie Inc. | -0.13 | 0.05 | 0.10 | 81 | Healthcare |
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