Looking to diversify beyond RXD? The ETFs below have historically moved differently from RXD, 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 RXD
1271 ETFs have low correlation with RXD (below 0.3), 1208 of which are negatively correlated. The least correlated is Direxion Daily Healthcare Bull 3x Shares (CURE) (Leveraged Equities) with a 1Y correlation of -0.99, roughly unchanged from -0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Healthcare Bull 3x Shares | -0.99 | -0.99 | -0.99 | 63 | Leveraged Equities, Healthcare Equities | RXD vs CURE | |
| State Street Health Care Select Sector SPDR ETF | -0.99 | -0.99 | -0.99 | 72 | Health & Biotech Equities | RXD vs XLV | |
| iShares U.S. Healthcare ETF | -0.99 | -0.98 | -0.99 | 70 | Health & Biotech Equities | RXD vs IYH | |
| Fidelity MSCI Health Care Index ETF | -0.98 | -0.97 | -0.98 | 77 | Health & Biotech Equities | RXD vs FHLC | |
| iShares Global Healthcare ETF | -0.96 | -0.95 | -0.96 | 61 | Health & Biotech Equities | RXD vs IXJ |
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