Looking to balance out your exposure to RWAY? The ETFs below have the lowest correlation with RWAY — they tend to move on their own, which can help reduce risk when RWAY drops. The stock ideas table highlights individual companies that behave independently from RWAY.
Best Diversifiers for RWAY
4 ETFs have low correlation with RWAY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 0.15 | — | — | 99 | CLO | RWAY vs PAAA | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.34 | — | 80 | Dividend | RWAY vs SCHD | |
| Vanguard S&P 500 ETF | 0.27 | 0.32 | — | 70 | S&P 500 | RWAY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.31 | — | 70 | S&P 500 | RWAY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWAY and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.15 | 0.22 | — | 93 | Industrials | |
| AST SpaceMobile, Inc. | 0.16 | 0.20 | — | 91 | Communication Services | |
| DBS Group Holdings Ltd ADR | 0.16 | 0.18 | — | 95 | Financial Services | |
| Dynex Capital, Inc. | 0.22 | 0.32 | — | 74 | Real Estate | |
| The Goldman Sachs Group, Inc. | 0.29 | 0.31 | — | 90 | Financial Services |
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