Looking to balance out your exposure to RLJ? The ETFs below have the lowest correlation with RLJ — they tend to move on their own, which can help reduce risk when RLJ drops. The stock ideas table highlights individual companies that behave independently from RLJ.
No Diversifiers Found for RLJ
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RLJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLJ and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.37, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.37 | 0.40 | 0.46 | 76 | Real Estate | |
| First Horizon Corporation | 0.45 | 0.41 | 0.42 | 63 | Financial Services |
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