Looking to diversify beyond RWJ? The ETFs below have historically moved differently from RWJ, 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 RWJ
289 ETFs have low correlation with RWJ (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | RWJ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.32 | -0.30 | — | 61 | Cryptocurrency | RWJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | RWJ vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 75 | Derivative Income | RWJ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.12 | 0.00 | 56 | Options Trading | RWJ 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 RWJ, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.18, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.18 | 0.30 | 0.37 | 77 | Real Estate |
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