Looking to diversify beyond RIET? The ETFs below have historically moved differently from RIET, 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 RIET
529 ETFs have low correlation with RIET (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.13 | — | 66 | Oil & Gas | RIET vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.23 | — | 59 | Leveraged Currency | RIET vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.28 | -0.18 | -0.13 | 51 | Nontraditional Bonds | RIET vs RISR | |
| Invesco DB Oil Fund | -0.28 | -0.09 | — | 51 | Oil & Gas | RIET vs DBO | |
| United States Gasoline Fund, LP | -0.28 | -0.10 | 0.04 | 83 | Oil & Gas | RIET vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RIET, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.21 | 0.31 | 82 | Energy | |
| Alliance Resource Partners, L.P. | 0.05 | 0.12 | 0.21 | 54 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.07 | 0.06 | 0.12 | 86 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.09 | 0.29 | 0.43 | 88 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.11 | 0.11 | — | 62 | Technology |
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