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
1132 ETFs have low correlation with RXD (below 0.3), 1088 of which are negatively correlated. The least correlated is Fidelity MSCI Health Care Index ETF (FHLC) (Health & Biotech Equities) with a 1Y correlation of -0.98, roughly unchanged from -0.98 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Health Care Index ETF | -0.98 | -0.97 | -0.98 | 53 | Health & Biotech Equities | RXD vs FHLC | |
| Tema Obesity & Cardiometabolic ETF | -0.88 | — | — | 58 | Health & Biotech Equities | RXD vs HRTS | |
| First Trust Nasdaq Pharmaceuticals ETF | -0.87 | -0.83 | -0.82 | 92 | Health & Biotech Equities | RXD vs FTXH | |
| iShares U.S. Pharmaceuticals ETF | -0.86 | -0.83 | -0.84 | 93 | Health & Biotech Equities | RXD vs IHE | |
| Invesco Dynamic Pharmaceuticals ETF | -0.80 | -0.77 | -0.80 | 90 | Health & Biotech Equities | RXD vs PJP |
See all 1132 diversifiers for RXD
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Diversification Analysis
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