Looking to diversify beyond RAAX? The ETFs below have historically moved differently from RAAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RAAX
561 ETFs have low correlation with RAAX (below 0.3), 42 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | -0.22 | -0.22 | 63 | Derivative Income | RAAX vs WNTR | |
| Roundhill Weekly T-Bill ETF | -0.14 | — | — | 99 | Ultrashort Bond | RAAX vs WEEK | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | RAAX vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.01 | -0.05 | 100 | Ultrashort Bond | RAAX vs SGOV | |
| Fidelity Municipal Bond Opportunities ETF | -0.07 | -0.02 | -0.02 | 70 | Municipal Bonds | RAAX vs FMUB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.10 | 0.16 | 58 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.00 | 0.17 | 0.35 | 67 | Financial Services | |
| Loews Corporation | 0.00 | 0.16 | 0.34 | 84 | Financial Services | |
| Palo Alto Networks, Inc. | 0.05 | 0.12 | 0.20 | 91 | Technology | |
| Amazon.com, Inc | 0.06 | 0.13 | 0.24 | 70 | Consumer Cyclical |
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