Looking to diversify beyond RIET? The ETFs below have the lowest correlation with RIET — 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 RIET.
Best Diversifiers for RIET
521 ETFs have low correlation with RIET (below 0.3), 39 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.46 | -0.46 | -0.46 | 99 | Leveraged Equities, Semiconductors | RIET vs MUU | |
| ProShares UltraShort Yen | -0.34 | -0.22 | — | 75 | Leveraged Currency | RIET vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.07 | — | 72 | Oil & Gas | RIET vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | -0.21 | -0.21 | 60 | Inverse Equities, Leveraged Equities | RIET vs MSTZ | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.03 | 0.09 | 51 | Commodities | RIET vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RIET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RIET and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.24 | — | 80 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.05 | 0.07 | — | 86 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.10 | 0.30 | 0.43 | 93 | Financial Services | |
| TORM plc | 0.19 | 0.12 | — | 89 | Energy | |
| International Seaways, Inc. | 0.20 | 0.13 | — | 98 | Energy |
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