Looking to diversify beyond RNIN? The ETFs below have the lowest correlation with RNIN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RNIN.
Best Diversifiers for RNIN
238 ETFs have low correlation with RNIN (below 0.3), 14 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.10, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.10 | -0.10 | -0.10 | 71 | Oil & Gas | RNIN vs DBE | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | -0.09 | -0.09 | 100 | Ultrashort Bond | RNIN vs CSHP | |
| United States Brent Oil Fund LP | -0.09 | -0.09 | -0.09 | 65 | Oil & Gas | RNIN vs BNO | |
| Breakwave Tanker Shipping ETF | -0.08 | — | — | 98 | Commodities | RNIN vs BWET | |
| Invesco DB Oil Fund | -0.08 | -0.08 | -0.08 | 65 | Oil & Gas | RNIN vs DBO |
See all 1192 diversifiers for RNIN
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