Looking to balance out your exposure to RUM? The ETFs below have the lowest correlation with RUM — they tend to move on their own, which can help reduce risk when RUM drops. The stock ideas table highlights individual companies that behave independently from RUM.
Best Diversifiers for RUM
1 ETFs have low correlation with RUM (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares K-1 Free Crude Oil Strategy ETF (OILK) (Oil & Gas) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil Strategy ETF | -0.12 | 0.00 | 0.04 | 55 | Oil & Gas | RUM vs OILK | |
| Convergence Long/Short Equity ETF | 0.31 | 0.28 | 0.24 | 95 | Long-Short | RUM vs CLSE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.41 | 0.39 | 0.33 | 97 | Leveraged Equities, Semiconductors | RUM vs SOXL | |
| Invesco Semiconductors ETF | 0.43 | 0.41 | 0.34 | 96 | Semiconductors, Technology Equities | RUM vs PSI | |
| Invesco QQQ ETF | 0.49 | 0.45 | 0.35 | 73 | Nasdaq-100 | RUM vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RUM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RUM and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.14 | 0.06 | 0.06 | 63 | Consumer Defensive | |
| ASA Gold and Precious Metals Limited | 0.23 | 0.12 | 0.11 | 79 | Financial Services | |
| NVIDIA Corporation | 0.28 | 0.27 | 0.24 | 78 | Technology | |
| EMCOR Group, Inc. | 0.28 | 0.28 | 0.24 | 83 | Industrials | |
| Tesla, Inc. | 0.30 | 0.39 | 0.32 | 55 | Consumer Cyclical |
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