Looking to balance out your exposure to RAYA? The ETFs below have the lowest correlation with RAYA — they tend to move on their own, which can help reduce risk when RAYA drops. The stock ideas table highlights individual companies that behave independently from RAYA.
Best Diversifiers for RAYA
1 ETFs have low correlation with RAYA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.16 | 0.07 | — | 74 | S&P 500 | RAYA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RAYA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RAYA and solid risk/return profiles. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.06, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.06 | 0.04 | — | 77 | Technology | |
| Rigetti Computing Inc | 0.12 | 0.08 | — | 70 | Technology |
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