Looking to balance out your exposure to RMM? The ETFs below have historically moved differently from RMM, 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 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 -0.11, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP ETF | -0.11 | 0.10 | 0.12 | 64 | MLPs | RMM vs MLPA | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.20 | 0.19 | 95 | Dividend | RMM vs SCHD | |
| AAM Low Duration Preferred and Income Securities E... | 0.16 | 0.24 | 0.28 | 74 | Preferred Stock | RMM vs PFLD | |
| Franklin International Core Dividend Tilt Index ET... | 0.20 | 0.25 | 0.25 | 80 | Foreign Large Cap Equities, Dividend | RMM vs DIVI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RMM, 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 Alliance Resource Partners, L.P. (ARLP) (Energy) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P. | -0.08 | 0.03 | 0.05 | 54 | Energy | |
| International Seaways, Inc. | -0.05 | -0.00 | 0.01 | 99 | Industrials | |
| Energy Transfer LP | -0.02 | 0.12 | 0.12 | 81 | Energy | |
| TORM plc | -0.00 | 0.01 | 0.02 | 90 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | 0.06 | 0.07 | 86 | Financial Services |
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