Looking to balance out your exposure to RELY? The ETFs below have the lowest correlation with RELY — they tend to move on their own, which can help reduce risk when RELY drops. The stock ideas table highlights individual companies that behave independently from RELY.
Best Diversifiers for RELY
1 ETFs have low correlation with RELY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Dividend Growth ETF (DGRO) (Large Cap Growth Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.25 | 0.29 | — | 75 | Large Cap Growth Equities, Dividend | RELY vs DGRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RELY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RELY and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.02, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.02 | 0.09 | — | 86 | Real Estate | |
| Solaris Energy Infrastructure, Inc | -0.01 | 0.14 | — | 91 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.01 | 0.09 | — | 63 | Energy | |
| The Vita Coco Company, Inc. | 0.05 | 0.12 | — | 92 | Consumer Defensive | |
| MACOM Technology Solutions Holdings, Inc. | 0.07 | 0.19 | — | 95 | Technology |
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