Looking to diversify beyond RSPU? The ETFs below have historically moved differently from RSPU, 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 RSPU
1546 ETFs have low correlation with RSPU (below 0.3), 133 of which are negatively correlated. The least correlated is Fidelity Cloud Computing ETF (FCLD) (Technology Equities) with a 1Y correlation of -0.17, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Cloud Computing ETF | -0.17 | 0.04 | — | 56 | Technology Equities, Cloud Computing | RSPU vs FCLD | |
| ProShares UltraShort Yen | -0.16 | -0.18 | -0.14 | 56 | Leveraged Currency | RSPU vs YCS | |
| Eaton Vance Floating-Rate ETF | -0.13 | — | — | 76 | Bank Loan | RSPU vs EVLN | |
| Fidelity Managed Futures ETF | -0.12 | — | — | 88 | Systematic Trend, Actively Managed | RSPU vs FFUT | |
| Invesco DB Energy Fund | -0.10 | -0.06 | 0.03 | 72 | Oil & Gas | RSPU vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RSPU, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | -0.04 | 0.05 | 56 | Technology | |
| Capital Southwest Corporation | -0.03 | 0.19 | 0.24 | 68 | Financial Services | |
| Trinity Capital Inc. | -0.03 | 0.22 | 0.22 | 84 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.06 | 0.04 | 0.08 | 87 | Technology | |
| USA Compression Partners, LP | 0.15 | 0.21 | 0.26 | 66 | Energy |
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