Looking to balance out your exposure to RTX? The ETFs below have historically moved differently from RTX, 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 RTX
254 ETFs have low correlation with RTX (below 0.3), 13 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.10, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KFA Mount Lucas Index Strategy ETF | -0.10 | -0.07 | -0.08 | 60 | Systematic Trend | RTX vs KMLM | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.04 | -0.03 | 100 | Ultrashort Bond | RTX vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.07 | -0.03 | 100 | Government Bonds, Ultrashort Bond | RTX vs BIL | |
| United States Oil Fund LP | -0.06 | 0.02 | 0.13 | 53 | Oil & Gas | RTX vs USO | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.04 | — | — | 100 | Ultrashort Bond | RTX vs VBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RTX, 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 Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.12, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.12 | 0.09 | 0.22 | 98 | Energy | |
| Phillips 66 | -0.10 | 0.12 | 0.26 | 94 | Energy | |
| HP Inc. | -0.07 | 0.04 | 0.21 | 54 | Technology | |
| Par Pacific Holdings, Inc. | -0.07 | 0.05 | 0.20 | 95 | Energy | |
| EOG Resources, Inc. | -0.07 | 0.11 | 0.27 | 70 | Energy |
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