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
429 ETFs have low correlation with RIET (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.22 | — | 61 | Leveraged Currency | RIET vs YCS | |
| iShares Diversified Commodity Swap UCITS ETF | -0.15 | -0.03 | — | 77 | Commodities | RIET vs ISCMF | |
| VanEck Commodity Strategy ETF | -0.12 | -0.00 | 0.04 | 55 | Commodities | RIET vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | -0.01 | -0.01 | 99 | Ultrashort Bond | RIET vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.09 | 0.01 | 0.01 | 70 | Commodities | RIET vs FAAR |
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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 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.23 | 0.32 | 67 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.04 | 0.07 | — | 83 | Financial Services | |
| Eagle Point Credit Company Inc. | 0.09 | 0.13 | — | 81 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.12 | 0.31 | — | 96 | Financial Services | |
| International Seaways, Inc. | 0.18 | 0.13 | 0.17 | 97 | Energy |
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