Looking to balance out your exposure to RDEIY? The ETFs below have historically moved differently from RDEIY, 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 RDEIY
7 ETFs have low correlation with RDEIY (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.12, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.06 | 0.02 | 71 | Commodities | RDEIY vs DBC | |
| Janus Henderson AAA CLO ETF | -0.01 | -0.03 | 0.02 | 99 | CLO | RDEIY vs JAAA | |
| Janus Henderson B-BBB CLO ETF | 0.06 | 0.01 | — | 60 | CLO | RDEIY vs JBBB | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.08 | 0.04 | — | 55 | Nasdaq-100, Derivative Income | RDEIY vs JEPQ | |
| Capital Group Dividend Value ETF | 0.14 | 0.11 | — | 80 | Large Cap Value Equities, Dividend | RDEIY vs CGDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RDEIY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.05, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.01 | 0.09 | 56 | Technology | |
| Gildan Activewear Inc. | 0.12 | 0.12 | 0.15 | 54 | Consumer Cyclical |
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