Looking to balance out your exposure to REFI? The ETFs below have the lowest correlation with REFI — they tend to move on their own, which can help reduce risk when REFI drops. The stock ideas table highlights individual companies that behave independently from REFI.
Best Diversifiers for REFI
2 ETFs have low correlation with REFI (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.24 | 0.21 | 96 | Semiconductors, Technology Equities | REFI vs SMH | |
| Vanguard Information Technology ETF | 0.30 | 0.28 | — | 76 | Technology Equities | REFI vs VGT | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.45 | — | 85 | Dividend | REFI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REFI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REFI and solid risk/return profiles. The least correlated is W. P. Carey Inc. (WPC) (Real Estate) with a 1Y correlation of 0.17, down from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. P. Carey Inc. | 0.17 | 0.31 | — | 81 | Real Estate | |
| Trulieve Cannabis Corp | 0.24 | 0.15 | — | 79 | Healthcare | |
| ARMOUR Residential REIT, Inc. | 0.33 | 0.45 | 0.35 | 69 | Real Estate | |
| Ellington Financial Inc. | 0.38 | 0.46 | 0.39 | 71 | Real Estate | |
| Annaly Capital Management, Inc. | 0.41 | 0.46 | 0.35 | 77 | Real Estate |
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