Looking to diversify beyond RDTE? The ETFs below have historically moved differently from RDTE, 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 RDTE
269 ETFs have low correlation with RDTE (below 0.3), 74 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 | -0.50 | — | — | 61 | Cryptocurrency | RDTE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RDTE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | RDTE vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | RDTE vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.34 | -0.34 | 56 | Options Trading | RDTE vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RDTE, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.04, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.04 | 0.26 | 0.26 | 81 | Energy | |
| DNP Select Income Fund Inc. | 0.25 | 0.29 | 0.29 | 89 | Financial Services | |
| NVIDIA Corporation | 0.35 | — | — | 56 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.36 | — | — | 74 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.37 | 0.37 | 0.37 | 57 | Technology |
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