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
267 ETFs have low correlation with ROE (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.35 | 57 | Cryptocurrency | ROE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ROE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | ROE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | ROE vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | — | — | 51 | Currency | ROE vs UUP |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.06 | — | — | 88 | Energy |
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