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
400 ETFs have low correlation with RING (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.25 | -0.31 | 63 | Leveraged Currency | RING vs YCS | |
| United States Gasoline Fund LP | -0.19 | 0.00 | 0.09 | 55 | Oil & Gas | RING vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | RING vs IBIC | |
| TCW AAA CLO ETF | -0.10 | — | — | 99 | CLO | RING vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 99 | Ultrashort Bond | RING vs CSHP |
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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 -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.17 | 0.12 | 0.18 | 66 | Energy | |
| ConocoPhillips Company | -0.09 | 0.05 | 0.15 | 65 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.10 | 0.20 | 85 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.08 | 0.17 | 72 | Energy | |
| Altria Group, Inc. | -0.06 | 0.06 | 0.11 | 72 | Consumer Defensive |
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