Looking to diversify beyond REM? The ETFs below have the lowest correlation with REM — 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 REM.
Best Diversifiers for REM
400 ETFs have low correlation with REM (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.21 | -0.14 | 61 | Leveraged Currency | REM vs YCS | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.10 | 71 | Oil & Gas | REM vs DBE | |
| United States Oil Fund LP | -0.24 | -0.04 | 0.09 | 66 | Oil & Gas | REM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | REM vs USOY | |
| United States Brent Oil Fund LP | -0.22 | -0.04 | 0.10 | 65 | Oil & Gas | REM vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REM and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.23, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.23 | 0.28 | 0.39 | 62 | Consumer Cyclical | |
| Apple Inc | 0.25 | 0.29 | 0.37 | 90 | Technology | |
| Annaly Capital Management, Inc. | 0.89 | 0.90 | 0.89 | 76 | Real Estate |
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