Looking to balance out your exposure to RMBS? The ETFs below have historically moved differently from RMBS, 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 RMBS
0 ETFs have low correlation with RMBS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.59, roughly unchanged from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.59 | 0.63 | 0.62 | 71 | S&P 500 | RMBS vs SPY | |
| Vanguard S&P 500 ETF | 0.59 | 0.63 | 0.61 | 72 | S&P 500 | RMBS vs VOO | |
| iShares Semiconductor ETF | 0.77 | 0.79 | 0.78 | 89 | Semiconductors, Technology Equities | RMBS vs SOXX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RMBS, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.31, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.31 | -0.14 | 0.03 | 59 | Financial Services | |
| Cencora Inc. | -0.18 | -0.12 | -0.00 | 50 | Healthcare | |
| Berkshire Hathaway Inc. | -0.15 | 0.03 | 0.16 | 66 | Financial Services | |
| Murphy USA Inc. | -0.14 | 0.01 | 0.08 | 85 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.12 | 0.05 | 0.14 | 85 | Consumer Defensive |
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