Looking to diversify beyond RDVY? The ETFs below have historically moved differently from RDVY, 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 RDVY
287 ETFs have low correlation with RDVY (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.33 | — | 61 | Cryptocurrency | RDVY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RDVY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | RDVY vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.12 | — | 56 | Options Trading | RDVY vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 75 | Derivative Income | RDVY vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RDVY, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.06, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.06 | 0.27 | 0.42 | 85 | Energy | |
| AbbVie Inc. | -0.02 | 0.20 | 0.22 | 81 | Healthcare | |
| Walmart Inc. | -0.01 | 0.13 | 0.23 | 62 | Consumer Defensive | |
| Western Midstream Partners, LP | 0.02 | 0.30 | 0.39 | 80 | Energy | |
| W. R. Berkley Corporation | 0.03 | 0.24 | 0.38 | 56 | Financial Services |
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