Looking to balance out your exposure to RVMD? The ETFs below have historically moved differently from RVMD, 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 RVMD
2 ETFs have low correlation with RVMD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.17 | 0.14 | 0.13 | 66 | Municipal Bonds | RVMD vs VTEB | |
| Invesco QQQ ETF | 0.29 | 0.32 | 0.37 | 55 | Nasdaq-100 | RVMD vs QQQ | |
| Vanguard Total Stock Market ETF | 0.31 | 0.40 | 0.42 | 72 | Large Cap Blend Equities | RVMD vs VTI | |
| Vanguard S&P 500 ETF | 0.31 | 0.38 | 0.39 | 72 | S&P 500 | RVMD vs VOO | |
| Vanguard Total International Stock ETF | 0.32 | 0.34 | 0.37 | 66 | Global Equities | RVMD vs VXUS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RVMD, 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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.08 | -0.09 | 0.04 | 56 | Financial Services | |
| Philip Morris International Inc. | -0.06 | 0.05 | 0.09 | 63 | Consumer Defensive | |
| HF Sinclair Corp | -0.03 | 0.05 | 0.11 | 95 | Energy | |
| Energy Transfer LP | 0.01 | 0.12 | 0.14 | 82 | Energy | |
| RingCentral, Inc. | 0.03 | 0.20 | 0.29 | 93 | Technology |
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