Looking to balance out your exposure to RITM? The ETFs below have historically moved differently from RITM, 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 RITM
5 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 -0.07, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.01 | -0.02 | 100 | Ultrashort Bond | RITM vs SGOV | |
| Invesco S&P 500 Momentum ETF | 0.23 | 0.37 | 0.47 | 51 | Momentum, S&P 500 | RITM vs SPMO | |
| NEOS Nasdaq-100 High Income ETF | 0.26 | — | — | 52 | Nasdaq-100, Derivative Income | RITM vs QQQI | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.26 | 0.38 | — | 66 | Nasdaq-100, Derivative Income | RITM vs JEPQ | |
| YieldMax GOOGL Option Income Strategy ETF | 0.29 | 0.26 | — | 91 | Derivative Income | RITM vs GOOY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RITM, 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 Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.15, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.15 | 0.11 | 0.26 | 71 | Energy | |
| Hercules Capital, Inc. | 0.03 | 0.04 | 0.09 | 70 | ||
| RenaissanceRe Holdings Ltd. | 0.07 | 0.16 | 0.21 | 82 | Financial Services | |
| The AES Corporation | 0.10 | 0.31 | 0.41 | 62 | Utilities | |
| Organon & Co. | 0.11 | 0.32 | 0.36 | 67 | Healthcare |
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