Looking to balance out your exposure to RMM? The ETFs below have the lowest correlation with RMM — they tend to move on their own, which can help reduce risk when RMM drops. The stock ideas table highlights individual companies that behave independently from RMM.
Best Diversifiers for RMM
4 ETFs have low correlation with RMM (below 0.3), 1 of which are negatively correlated. The least correlated is Global X MLP ETF (MLPA) (MLPs) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | -0.09 | 0.11 | 0.13 | 52 | MLPs | RMM vs MLPA | |
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.20 | 0.20 | 86 | Dividend | RMM vs SCHD | |
| AAM Low Duration Preferred and Income Securities E... | 0.13 | 0.24 | 0.29 | 73 | Preferred Stock/Convertible Bonds | RMM vs PFLD | |
| Franklin International Core Dividend Tilt Index ET... | 0.17 | 0.25 | 0.25 | 60 | Foreign Large Cap Equities, Dividend | RMM vs DIVI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RMM and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TORM plc | -0.06 | 0.01 | 0.02 | 88 | Energy | |
| International Seaways, Inc. | -0.05 | 0.01 | 0.00 | 97 | Energy | |
| Energy Transfer LP | 0.00 | 0.13 | 0.13 | 84 | Energy | |
| Royce Value Trust Inc. | 0.12 | 0.26 | 0.25 | 83 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.13 | 0.06 | — | 88 | Financial Services |
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