Looking to balance out your exposure to RXRX? The ETFs below have the lowest correlation with RXRX — they tend to move on their own, which can help reduce risk when RXRX drops. The stock ideas table highlights individual companies that behave independently from RXRX.
Best Diversifiers for RXRX
0 ETFs have low correlation with RXRX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Nasdaq Biotechnology ETF (IBB) (Health & Biotech Equities) with a 1Y correlation of 0.53, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Nasdaq Biotechnology ETF | 0.53 | 0.57 | 0.59 | 62 | Health & Biotech Equities | RXRX vs IBB | |
| SPDR S&P Biotech ETF | 0.60 | 0.65 | 0.65 | 80 | Health & Biotech Equities | RXRX vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RXRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RXRX and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.09 | 0.06 | 0.07 | 83 | Energy | |
| Verizon Communications Inc. | -0.01 | 0.02 | 0.06 | 56 | Communication Services | |
| GlaxoSmithKline plc | 0.14 | 0.14 | 0.11 | 71 | Healthcare | |
| AstraZeneca PLC | 0.15 | 0.15 | 0.14 | 73 | Healthcare | |
| Halozyme Therapeutics, Inc. | 0.19 | 0.29 | 0.35 | 68 | Healthcare |
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