Looking to balance out your exposure to RDEIY? The ETFs below have the lowest correlation with RDEIY — they tend to move on their own, which can help reduce risk when RDEIY drops. The stock ideas table highlights individual companies that behave independently from RDEIY.
Best Diversifiers for RDEIY
6 ETFs have low correlation with RDEIY (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.04 | 0.03 | 70 | Commodities | RDEIY vs DBC | |
| Janus Henderson AAA CLO ETF | 0.03 | -0.03 | 0.01 | 98 | CLO | RDEIY vs JAAA | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.11 | 0.06 | — | 65 | Nasdaq-100, Derivative Income | RDEIY vs JEPQ | |
| Capital Group Dividend Value ETF | 0.13 | 0.13 | — | 72 | Large Cap Value Equities, Dividend | RDEIY vs CGDV | |
| Janus Henderson Short Duration Income ETF | 0.14 | 0.20 | 0.17 | 98 | Ultrashort Bond | RDEIY vs VNLA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDEIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDEIY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.02 | 0.08 | 76 | Technology | |
| The Hershey Company | 0.06 | 0.10 | 0.14 | 58 | Consumer Defensive | |
| Gildan Activewear Inc. | 0.10 | 0.12 | 0.15 | 61 | Consumer Cyclical | |
| Rogers Communications Inc. | 0.10 | 0.22 | 0.26 | 83 | Communication Services |
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