Looking to diversify beyond RING? The ETFs below have historically moved differently from RING, 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 RING
526 ETFs have low correlation with RING (below 0.3), 64 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RING vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | RING vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.29 | -0.16 | — | 61 | Cryptocurrency | RING vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | RING vs WNTR | |
| Invesco DB Energy Fund | -0.22 | -0.01 | 0.10 | 72 | Oil & Gas | RING vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RING, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.18 | 0.09 | 0.17 | 86 | Energy | |
| Altria Group, Inc. | -0.16 | 0.03 | 0.09 | 66 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.13 | 0.09 | 0.15 | 57 | Energy | |
| Enterprise Products Partners L.P. | -0.13 | 0.06 | 0.19 | 89 | Energy | |
| ConocoPhillips Company | -0.13 | 0.02 | 0.14 | 72 | Energy |
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