Looking to balance out your exposure to RNMBY? The ETFs below have the lowest correlation with RNMBY — they tend to move on their own, which can help reduce risk when RNMBY drops. The stock ideas table highlights individual companies that behave independently from RNMBY.
Best Diversifiers for RNMBY
16 ETFs have low correlation with RNMBY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | 0.00 | 100 | Ultrashort Bond | RNMBY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.10 | 0.09 | 91 | Inflation-Protected Bonds | RNMBY vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | 0.03 | 0.11 | 0.10 | 92 | Inflation-Protected Bonds | RNMBY vs STIP | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.04 | 0.05 | 0.12 | 61 | Commodities | RNMBY vs PDBC | |
| ProShares Ultra Semiconductors | 0.10 | 0.15 | 0.17 | 69 | Leveraged Equities, Semiconductors | RNMBY vs USD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNMBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNMBY and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.10, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.10 | -0.01 | 0.03 | 92 | Healthcare | |
| Altria Group, Inc. | -0.10 | 0.02 | 0.07 | 77 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | -0.06 | 0.02 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.09 | 0.05 | 0.08 | 51 | Industrials | |
| Berkshire Hathaway Inc. | -0.09 | 0.03 | 0.11 | 52 | Financial Services |
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