Looking to diversify beyond ROMO? The ETFs below have historically moved differently from ROMO, 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 ROMO
151 ETFs have low correlation with ROMO (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | — | 61 | Cryptocurrency | ROMO vs BITI | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.06 | — | 56 | Options Trading | ROMO vs CAOS | |
| Invesco DB Energy Fund | -0.34 | -0.12 | 0.00 | 72 | Oil & Gas | ROMO vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.11 | -0.00 | 52 | Oil & Gas | ROMO vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.09 | 0.01 | 58 | Oil & Gas | ROMO vs DBO |
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