Looking to diversify beyond RDTE? The ETFs below have the lowest correlation with RDTE — 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 RDTE.
Best Diversifiers for RDTE
242 ETFs have low correlation with RDTE (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.47 | -0.47 | 57 | Cryptocurrency | RDTE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.47 | -0.47 | 52 | Cryptocurrency, Leveraged Cryptocurrency | RDTE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | RDTE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | RDTE vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | — | — | 51 | Currency | RDTE vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDTE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDTE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.06 | — | — | 84 | Energy | |
| DNP Select Income Fund Inc. | 0.28 | 0.32 | 0.32 | 93 | Financial Services | |
| NVIDIA Corporation | 0.34 | — | — | 65 | Technology | |
| Rivian Automotive, Inc. | 0.38 | — | — | 63 | Consumer Cyclical | |
| Cohen & Steers Infrastructure Fund, Inc | 0.38 | — | — | 73 | Financial Services |
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