Looking to diversify beyond REK? The ETFs below have the lowest correlation with REK — 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 REK.
Best Diversifiers for REK
1143 ETFs have low correlation with REK (below 0.3), 1116 of which are negatively correlated. The least correlated is VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) (Large Cap Value Equities) with a 1Y correlation of -0.72, roughly unchanged from -0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VictoryShares US EQ Income Enhanced Volatility Wtd... | -0.72 | -0.66 | -0.68 | 68 | Large Cap Value Equities | REK vs CDC | |
| VictoryShares US Large Cap High Dividend Volatilit... | -0.71 | -0.70 | -0.72 | 67 | Large Cap Value Equities, Dividend | REK vs CDL | |
| WisdomTree Global High Dividend Fund | -0.69 | -0.71 | -0.71 | 83 | Large Cap Value Equities, Dividend | REK vs DEW | |
| Invesco S&P 500 High Dividend Growers ETF | -0.69 | -0.74 | -0.74 | 69 | S&P 500, Dividend | REK vs DIVG | |
| WisdomTree US High Dividend Fund | -0.66 | -0.68 | -0.68 | 70 | Large Cap Value Equities, Dividend | REK vs DHS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REK and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.10, up from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.10 | -0.03 | -0.23 | 76 | Technology |
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