Looking to diversify beyond RODM? The ETFs below have historically moved differently from RODM, 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 RODM
149 ETFs have low correlation with RODM (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.26 | — | 61 | Cryptocurrency | RODM vs BITI | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.02 | — | 56 | Options Trading | RODM vs CAOS | |
| United States Brent Oil Fund LP | -0.25 | -0.08 | 0.08 | 52 | Oil & Gas | RODM vs BNO | |
| Invesco DB Energy Fund | -0.24 | -0.08 | 0.09 | 72 | Oil & Gas | RODM vs DBE | |
| Invesco DB Oil Fund | -0.20 | -0.06 | 0.10 | 58 | Oil & Gas | RODM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RODM, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.14, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.14 | 0.31 | 0.38 | 89 | Real Estate | |
| Berkshire Hathaway Inc. | 0.14 | 0.36 | 0.49 | 61 | Financial Services | |
| NVIDIA Corporation | 0.23 | 0.26 | 0.38 | 56 | Technology | |
| Realty Income Corporation | 0.26 | 0.33 | 0.38 | 77 | Real Estate | |
| General Dynamics Corporation | 0.27 | 0.30 | 0.37 | 78 | Industrials |
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