Looking to diversify beyond RBLY? The ETFs below have the lowest correlation with RBLY — 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 RBLY.
Best Diversifiers for RBLY
971 ETFs have low correlation with RBLY (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.24 | -0.24 | 52 | Cryptocurrency | RBLY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 73 | Derivative Income | RBLY vs WNTR | |
| Breakwave Tanker Shipping ETF | -0.15 | -0.15 | -0.15 | 99 | Commodities | RBLY vs BWET | |
| ProShares Ultra Oil & Gas | -0.13 | -0.13 | -0.13 | 53 | Leveraged Equities | RBLY vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.13 | -0.13 | -0.13 | 54 | Leveraged Equities | RBLY vs ERX |
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