Looking to diversify beyond RLY? The ETFs below have the lowest correlation with RLY — 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 RLY.
Best Diversifiers for RLY
571 ETFs have low correlation with RLY (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.23 | — | 53 | Cryptocurrency | RLY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 65 | Inverse Equities, Leveraged Equities | RLY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | RLY vs WNTR | |
| ProShares UltraShort Yen | -0.16 | -0.18 | -0.15 | 72 | Leveraged Currency | RLY vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.14 | — | — | 99 | Ultrashort Bond | RLY vs WEEK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLY and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.13, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.13 | 0.25 | 0.35 | 54 | Financial Services | |
| Realty Income Corporation | 0.29 | 0.29 | 0.35 | 69 | Real Estate |
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