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
385 ETFs have low correlation with REM (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.35 | -0.31 | -0.34 | 51 | Currency | REM vs UUP | |
| ProShares UltraShort Yen | -0.35 | -0.21 | -0.15 | 72 | Leveraged Currency | REM vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.08 | 53 | Oil & Gas | REM vs DBE | |
| United States Gasoline Fund LP | -0.24 | -0.06 | 0.08 | 78 | Oil & Gas | REM vs UGA | |
| Direxion Daily MU Bull 2X Shares | -0.22 | -0.22 | -0.22 | 99 | Leveraged Equities, Semiconductors | REM vs MUU |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.18 | 0.32 | 65 | Technology | |
| Omega Healthcare Investors, Inc. | 0.14 | 0.28 | 0.39 | 89 | Real Estate | |
| Alphabet Inc. Class A | 0.25 | 0.26 | 0.35 | 96 | Communication Services | |
| Apple Inc | 0.27 | 0.34 | 0.43 | 91 | Technology | |
| Amazon.com, Inc | 0.27 | 0.29 | 0.41 | 54 | Consumer Cyclical |
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