Looking to diversify beyond RXD? The ETFs below have the lowest correlation with RXD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RXD.
Best Diversifiers for RXD
1145 ETFs have low correlation with RXD (below 0.3), 1124 of which are negatively correlated. The least correlated is iShares U.S. Pharmaceuticals ETF (IHE) (Health & Biotech Equities) with a 1Y correlation of -0.85, roughly unchanged from -0.84 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Pharmaceuticals ETF | -0.85 | -0.83 | -0.84 | 86 | Health & Biotech Equities | RXD vs IHE | |
| First Trust Nasdaq Pharmaceuticals ETF | -0.85 | -0.83 | -0.81 | 83 | Health & Biotech Equities | RXD vs FTXH | |
| Invesco Dynamic Pharmaceuticals ETF | -0.78 | -0.77 | -0.80 | 81 | Health & Biotech Equities | RXD vs PJP | |
| iShares Nasdaq Biotechnology ETF | -0.70 | -0.69 | -0.72 | 69 | Health & Biotech Equities | RXD vs IBB | |
| Invesco Nasdaq Biotechnology ETF | -0.69 | -0.66 | -0.69 | 80 | Health & Biotech Equities | RXD vs IBBQ |
See all 1145 diversifiers for RXD
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Diversification Analysis
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