Looking to balance out your exposure to RUN? The ETFs below have the lowest correlation with RUN — they tend to move on their own, which can help reduce risk when RUN drops. The stock ideas table highlights individual companies that behave independently from RUN.
Best Diversifiers for RUN
0 ETFs have low correlation with RUN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.31 | 0.42 | 73 | Nasdaq-100 | RUN vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.37 | 0.43 | 70 | S&P 500 | RUN vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.37 | 0.43 | 70 | S&P 500 | RUN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RUN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RUN and solid risk/return profiles. The least correlated is Bio-Rad Laboratories, Inc. (BIO) (Healthcare) with a 1Y correlation of 0.12, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bio-Rad Laboratories, Inc. | 0.12 | 0.24 | 0.29 | 68 | Healthcare | |
| Oklo Inc. | 0.23 | 0.19 | — | 52 | Utilities | |
| Tesla, Inc. | 0.25 | 0.26 | 0.37 | 55 | Consumer Cyclical | |
| Morgan Stanley | 0.25 | 0.32 | 0.35 | 89 | Financial Services | |
| Plug Power Inc. | 0.29 | 0.47 | 0.58 | 90 | Industrials |
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