Looking to diversify beyond RAVI? The ETFs below have historically moved differently from RAVI, 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 RAVI
1606 ETFs have low correlation with RAVI (below 0.3), 152 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.34 | -0.33 | 56 | Leveraged Currency | RAVI vs YCS | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.25 | -0.11 | -0.03 | 52 | Leveraged Equities | RAVI vs GUSH | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.24 | — | — | 75 | Leveraged Equities | RAVI vs NRGU | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.24 | -0.11 | -0.03 | 58 | Energy Equities | RAVI vs XOP | |
| Invesco Dynamic Energy Exploration & Production ET... | -0.24 | -0.10 | -0.03 | 55 | Energy Equities | RAVI vs PXE |
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