Looking to diversify beyond RAYJ? The ETFs below have historically moved differently from RAYJ, 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 RAYJ
320 ETFs have low correlation with RAYJ (below 0.3), 33 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | — | — | 61 | Cryptocurrency | RAYJ vs BITI | |
| Alpha Architect Tail Risk ETF | -0.26 | — | — | 56 | Options Trading | RAYJ vs CAOS | |
| Invesco DB Energy Fund | -0.20 | — | — | 72 | Oil & Gas | RAYJ vs DBE | |
| United States Brent Oil Fund LP | -0.19 | — | — | 52 | Oil & Gas | RAYJ vs BNO | |
| Invesco DB Oil Fund | -0.17 | — | — | 58 | Oil & Gas | RAYJ vs DBO |
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