Looking to balance out your exposure to RXST? The ETFs below have the lowest correlation with RXST — they tend to move on their own, which can help reduce risk when RXST drops. The stock ideas table highlights individual companies that behave independently from RXST.
Best Diversifiers for RXST
1 ETFs have low correlation with RXST (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.20, down from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.20 | 0.31 | — | 97 | Semiconductors, Technology Equities | RXST vs SOXX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RXST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RXST and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.11, down from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.11 | 0.26 | — | 94 | Industrials | |
| AppLovin Corporation | 0.14 | 0.22 | 0.23 | 59 | Technology | |
| IDEAYA Biosciences, Inc. | 0.27 | 0.32 | — | 62 | Healthcare |
Build a portfolio that complements RXST
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