Looking to balance out your exposure to RMBS? The ETFs below have the lowest correlation with RMBS — they tend to move on their own, which can help reduce risk when RMBS drops. The stock ideas table highlights individual companies that behave independently from RMBS.
Best Diversifiers for RMBS
0 ETFs have low correlation with RMBS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.54, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.54 | 0.62 | 0.61 | 59 | S&P 500 | RMBS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.63 | 0.61 | 59 | S&P 500 | RMBS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RMBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RMBS and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.14 | 0.03 | 0.09 | 66 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.08 | 0.08 | 0.16 | 85 | Consumer Defensive | |
| Cardinal Health, Inc. | -0.07 | -0.01 | 0.07 | 79 | Healthcare | |
| Frontline Ltd. | -0.02 | 0.08 | 0.11 | 95 | Energy | |
| Eli Lilly and Company | 0.05 | 0.13 | 0.14 | 74 | Healthcare |
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