Looking to diversify beyond REM? The ETFs below have historically moved differently from REM, 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 REM
379 ETFs have low correlation with REM (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.21 | -0.16 | 56 | Leveraged Currency | REM vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.10 | 0.07 | 72 | Oil & Gas | REM vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.09 | 0.06 | 52 | Oil & Gas | REM vs BNO | |
| United States Oil Fund LP | -0.29 | -0.09 | 0.07 | 55 | Oil & Gas | REM vs USO | |
| Invesco DB Oil Fund | -0.27 | -0.07 | 0.08 | 58 | Oil & Gas | REM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REM, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.17 | 0.32 | 56 | Technology | |
| Omega Healthcare Investors, Inc. | 0.13 | 0.29 | 0.38 | 90 | Real Estate | |
| Amazon.com, Inc | 0.28 | 0.28 | 0.40 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.28 | 0.28 | 0.38 | 95 | Communication Services | |
| Apple Inc | 0.29 | 0.35 | 0.44 | 89 | Technology |
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