Looking to balance out your exposure to REFI? The ETFs below have historically moved differently from REFI, 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 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 0.20, roughly unchanged from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.20 | 0.21 | — | 87 | Semiconductors, Technology Equities | REFI vs SMH | |
| Vanguard Information Technology ETF | 0.22 | 0.26 | — | 52 | Technology Equities | REFI vs VGT | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.45 | — | 95 | Dividend | REFI vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REFI, 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 W. P. Carey Inc. (WPC) (Real Estate) with a 1Y correlation of 0.18, down from 0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. P. Carey Inc. | 0.18 | 0.31 | — | 79 | Real Estate | |
| Realty Income Corporation | 0.21 | 0.29 | — | 77 | Real Estate | |
| Two Harbors Investment Corp. | 0.29 | 0.45 | — | 75 | Real Estate | |
| ARMOUR Residential REIT, Inc. | 0.32 | 0.45 | — | 68 | Real Estate | |
| Ellington Financial Inc. | 0.37 | 0.48 | — | 71 | Real Estate |
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