Looking to diversify beyond RNEM? The ETFs below have historically moved differently from RNEM, 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 RNEM
189 ETFs have low correlation with RNEM (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.28 | — | 61 | Cryptocurrency | RNEM vs BITI | |
| Invesco DB Energy Fund | -0.34 | -0.05 | 0.08 | 72 | Oil & Gas | RNEM vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.05 | 0.07 | 52 | Oil & Gas | RNEM vs BNO | |
| Invesco DB Oil Fund | -0.31 | -0.04 | 0.08 | 58 | Oil & Gas | RNEM vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.30 | — | — | 98 | Inflation-Protected Bonds | RNEM vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RNEM, 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 Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | -0.01 | 0.10 | 0.19 | 90 | Real Estate |
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