Looking to diversify beyond RDVY? The ETFs below have the lowest correlation with RDVY — 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 RDVY.
Best Diversifiers for RDVY
256 ETFs have low correlation with RDVY (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.33 | -0.35 | 57 | Cryptocurrency | RDVY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | RDVY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.35 | -0.35 | 68 | Inverse Equities, Leveraged Equities | RDVY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | -0.34 | -0.34 | 70 | Derivative Income | RDVY vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.23 | -0.30 | 51 | Currency | RDVY vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDVY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDVY and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.06 | 0.15 | 0.25 | 53 | Industrials | |
| Enbridge Inc. | -0.04 | 0.28 | 0.43 | 88 | Energy | |
| Walmart Inc. | -0.01 | 0.13 | 0.24 | 71 | Consumer Defensive | |
| WEC Energy Group, Inc. | 0.01 | 0.16 | 0.20 | 68 | Utilities | |
| Atmos Energy Corporation | 0.02 | 0.24 | 0.30 | 76 | Utilities |
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