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
578 ETFs have low correlation with RAAX (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.19 | -0.26 | 53 | Cryptocurrency | RAAX vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | — | — | 70 | Derivative Income | RAAX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | -0.22 | -0.22 | 65 | Inverse Equities, Leveraged Equities | RAAX vs MSTZ | |
| Roundhill Weekly T-Bill ETF | -0.14 | — | — | 99 | Ultrashort Bond | RAAX vs WEEK | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.03 | -0.01 | 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 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.03 | 0.11 | 0.20 | 86 | Technology | |
| Amazon.com, Inc | 0.04 | 0.12 | 0.21 | 54 | Consumer Cyclical | |
| Walmart Inc. | 0.05 | 0.12 | 0.18 | 69 | Consumer Defensive | |
| CrowdStrike Holdings, Inc. | 0.06 | 0.16 | 0.23 | 83 | Technology | |
| Loews Corporation | 0.07 | 0.18 | 0.36 | 85 | Financial Services |
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