Looking to diversify beyond RFDI? The ETFs below have historically moved differently from RFDI, 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 RFDI
153 ETFs have low correlation with RFDI (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.30 | — | 61 | Cryptocurrency | RFDI vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.06 | 0.05 | 56 | Options Trading | RFDI vs CAOS | |
| Invesco DB Energy Fund | -0.28 | -0.04 | 0.11 | 72 | Oil & Gas | RFDI vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.03 | 0.10 | 52 | Oil & Gas | RFDI vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.02 | 0.12 | 58 | Oil & Gas | RFDI vs DBO |
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