Looking to diversify beyond RING? The ETFs below have the lowest correlation with RING — 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 RING.
Best Diversifiers for RING
450 ETFs have low correlation with RING (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.44 | -0.46 | 51 | Currency | RING vs UUP | |
| ProShares Short Bitcoin ETF | -0.28 | -0.15 | -0.20 | 57 | Cryptocurrency | RING vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 68 | Inverse Equities, Leveraged Equities | RING vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.19 | -0.19 | 52 | Cryptocurrency, Leveraged Cryptocurrency | RING vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | RING vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RING, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RING and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.16 | 0.11 | 0.18 | 75 | Energy | |
| Cheniere Energy, Inc. | -0.14 | 0.09 | 0.15 | 58 | Energy | |
| ConocoPhillips Company | -0.11 | 0.05 | 0.15 | 66 | Energy | |
| Altria Group, Inc. | -0.09 | 0.05 | 0.11 | 81 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.09 | 0.09 | 0.20 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RING
Add RING to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RING