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), 0 of which are negatively correlated. The least correlated is AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM Low Duration Preferred and Income Securities E... | 0.07 | 0.24 | 0.28 | 55 | Preferred Stock/Convertible Bonds | RMM vs PFLD | |
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.18 | 0.20 | 85 | Dividend | RMM vs SCHD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.13 | 0.30 | 0.30 | 58 | Preferred Stock/Convertible Bonds | RMM vs PFFA | |
| Franklin International Core Dividend Tilt Index ET... | 0.19 | 0.25 | 0.25 | 55 | Foreign Large Cap Equities | 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 International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | -0.07 | 0.02 | -0.00 | 95 | Energy | |
| TORM plc | -0.07 | 0.01 | 0.01 | 88 | Energy | |
| Alliance Resource Partners, L.P. | -0.03 | 0.05 | 0.06 | 54 | Energy | |
| Energy Transfer LP | 0.01 | 0.13 | 0.12 | 74 | Energy | |
| Eagle Point Credit Company Inc. | 0.03 | 0.07 | — | 82 | Financial Services |
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