Looking to diversify beyond RAAX? The ETFs below have the lowest correlation with RAAX — 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 RAAX.
Best Diversifiers for RAAX
915 ETFs have low correlation with RAAX (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.16 | — | — | 99 | Ultrashort Bond | RAAX vs WEEK | |
| ProShares UltraShort Yen | -0.10 | -0.12 | -0.14 | 61 | Leveraged Currency | RAAX vs YCS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.09 | -0.04 | 0.04 | 69 | Nontraditional Bonds | RAAX vs AGZD | |
| SGI Enhanced Core ETF | -0.07 | — | — | 94 | Intermediate Core Bond | RAAX vs USDX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | RAAX vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RAAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RAAX and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.03 | 0.10 | 0.19 | 67 | Technology | |
| Walmart Inc. | 0.06 | 0.13 | 0.19 | 63 | Consumer Defensive | |
| Amazon.com, Inc | 0.06 | 0.12 | 0.20 | 60 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | 0.08 | 0.14 | 0.20 | 70 | Technology | |
| Broadcom Inc. | 0.08 | 0.16 | 0.25 | 84 | Technology |
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