Looking to diversify beyond RXI? The ETFs below have the lowest correlation with RXI — 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 RXI.
Best Diversifiers for RXI
178 ETFs have low correlation with RXI (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.11 | 0.05 | 71 | Oil & Gas | RXI vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.10 | 0.04 | 65 | Oil & Gas | RXI vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.07 | 0.06 | 65 | Oil & Gas | RXI vs DBO | |
| iShares Commodities Select Strategy ETF | -0.27 | -0.01 | 0.11 | 71 | Commodities | RXI vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.00 | 0.11 | 71 | Commodities | RXI vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RXI and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.63, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.63 | 0.67 | 0.69 | 55 | Consumer Cyclical |
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