Looking to balance out your exposure to RITM? The ETFs below have the lowest correlation with RITM — they tend to move on their own, which can help reduce risk when RITM drops. The stock ideas table highlights individual companies that behave independently from RITM.
Best Diversifiers for RITM
4 ETFs have low correlation with RITM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.00 | -0.01 | 100 | Ultrashort Bond | RITM vs SGOV | |
| Invesco S&P 500 Momentum ETF | 0.25 | 0.38 | 0.48 | 62 | Momentum, S&P 500 | RITM vs SPMO | |
| YieldMax GOOGL Option Income Strategy ETF | 0.28 | — | — | 93 | Derivative Income | RITM vs GOOY | |
| NEOS Nasdaq-100 High Income ETF | 0.30 | — | — | 56 | Nasdaq-100, Derivative Income | RITM vs QQQI | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.30 | 0.40 | — | 65 | Nasdaq-100, Derivative Income | RITM vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RITM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RITM and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.13 | 0.12 | 0.27 | 59 | Energy | |
| Hercules Capital, Inc. | 0.00 | 0.04 | 0.09 | 68 | ||
| RenaissanceRe Holdings Ltd. | 0.05 | 0.15 | 0.21 | 85 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.17 | 0.25 | 83 | Consumer Defensive | |
| The AES Corporation | 0.09 | 0.28 | 0.38 | 68 | Utilities |
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