Looking to diversify beyond ROM? The ETFs below have the lowest correlation with ROM — 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 ROM.
Best Diversifiers for ROM
383 ETFs have low correlation with ROM (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | -0.37 | 57 | Cryptocurrency | ROM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ROM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | ROM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | ROM vs WNTR | |
| iShares Core High Dividend ETF | -0.22 | 0.03 | 0.26 | 78 | Dividend, Large Cap Value Equities | ROM vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROM and solid risk/return profiles. The least correlated is AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of -0.26, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | -0.26 | -0.01 | 0.14 | 72 | Financial Services | |
| Berkshire Hathaway Inc. | -0.16 | 0.09 | 0.30 | 53 | Financial Services | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | -0.09 | 0.07 | — | 57 | Financial Services | |
| HCI Group, Inc. | -0.03 | 0.09 | 0.16 | 71 | Financial Services | |
| Eli Lilly and Company | -0.03 | 0.20 | 0.23 | 80 | Healthcare |
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