Looking to diversify beyond ROE? The ETFs below have the lowest correlation with ROE — 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 ROE.
Best Diversifiers for ROE
148 ETFs have low correlation with ROE (below 0.3), 15 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | ROE vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | ROE vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | ROE vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.07 | — | — | 75 | Commodities | ROE vs FAAR | |
| Breakwave Dry Bulk Shipping ETF | -0.07 | -0.00 | -0.00 | 75 | Commodities | ROE vs BDRY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROE and solid risk/return profiles. The least correlated is Osisko Gold Royalties Ltd (OR) (Basic Materials) with a 1Y correlation of 0.32, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Osisko Gold Royalties Ltd | 0.32 | 0.27 | 0.27 | 58 | Basic Materials |
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