Looking to diversify beyond ROM? The ETFs below have historically moved differently from ROM, 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 ROM
475 ETFs have low correlation with ROM (below 0.3), 132 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.33 | — | 61 | Cryptocurrency | ROM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ROM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | ROM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | ROM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.06 | — | 56 | Options Trading | ROM vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ROM, 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 AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of -0.29, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | -0.29 | -0.02 | 0.14 | 63 | Financial Services | |
| Berkshire Hathaway Inc. | -0.18 | 0.08 | 0.29 | 61 | Financial Services | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | -0.11 | 0.05 | — | 61 | Financial Services | |
| Eli Lilly and Company | -0.05 | 0.19 | 0.22 | 83 | Healthcare | |
| HCI Group, Inc. | -0.04 | 0.08 | 0.16 | 66 | Financial Services |
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