Looking to diversify beyond RNWZ? The ETFs below have the lowest correlation with RNWZ — 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 RNWZ.
Best Diversifiers for RNWZ
219 ETFs have low correlation with RNWZ (below 0.3), 12 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | RNWZ vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.10 | — | — | 98 | Inflation-Protected Bonds | RNWZ vs IBIC | |
| AAF First Priority CLO Bond ETF | -0.05 | -0.04 | — | 85 | CLO | RNWZ vs AAA | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.02 | 0.27 | — | 99 | Corporate Bonds | RNWZ vs BSCQ | |
| TCW AAA CLO ETF | -0.02 | — | — | 99 | CLO | RNWZ vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNWZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNWZ and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.17, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.17 | 0.20 | — | 99 | Technology | |
| Macy's, Inc. | 0.19 | 0.23 | — | 92 | Consumer Cyclical | |
| Sandisk Corporation | 0.21 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.23 | 0.21 | — | 99 | Technology | |
| Seagate Technology plc | 0.26 | 0.24 | — | 99 | Technology |
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