Looking to diversify beyond RWL? The ETFs below have the lowest correlation with RWL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RWL.
Best Diversifiers for RWL
234 ETFs have low correlation with RWL (below 0.3), 17 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.06 | -0.03 | 63 | Leveraged Currency | RWL vs YCS | |
| United States Gasoline Fund LP | -0.17 | 0.01 | 0.14 | 55 | Oil & Gas | RWL vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | -0.03 | -0.03 | 98 | Inflation-Protected Bonds | RWL vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | RWL vs USFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.09 | 0.02 | 0.02 | 95 | Inflation-Protected Bonds | RWL vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.05, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.05 | 0.28 | 0.40 | 72 | Energy | |
| Diamondback Energy, Inc. | 0.06 | 0.26 | 0.39 | 76 | Energy | |
| ConocoPhillips Company | 0.10 | 0.28 | 0.39 | 65 | Energy | |
| Palo Alto Networks, Inc. | 0.16 | 0.30 | 0.37 | 69 | Technology | |
| NVIDIA Corporation | 0.18 | 0.28 | 0.43 | 72 | Technology |
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Build a portfolio that complements RWL
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