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
275 ETFs have low correlation with RWL (below 0.3), 32 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 65 | Inverse Equities, Leveraged Equities | RWL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | RWL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.32 | -0.30 | -0.33 | 53 | Cryptocurrency | RWL vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.03 | 0.15 | 57 | Oil & Gas | RWL vs DBE | |
| ProShares UltraShort Yen | -0.19 | -0.06 | -0.04 | 72 | Leveraged Currency | RWL vs YCS |
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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 Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of 0.05, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | 0.05 | 0.25 | 0.38 | 78 | Energy | |
| Exxon Mobil Corporation | 0.05 | 0.27 | 0.40 | 76 | Energy | |
| ConocoPhillips Company | 0.11 | 0.28 | 0.39 | 66 | Energy | |
| NVIDIA Corporation | 0.17 | 0.27 | 0.43 | 70 | Technology | |
| Palo Alto Networks, Inc. | 0.17 | 0.30 | 0.38 | 86 | Technology |
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