Looking to diversify beyond RWLC? The ETFs below have historically moved differently from RWLC, 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 RWLC
290 ETFs have low correlation with RWLC (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.33 | — | 61 | Cryptocurrency | RWLC vs BITI | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.07 | — | 56 | Options Trading | RWLC vs CAOS | |
| Invesco DB Energy Fund | -0.18 | -0.03 | — | 72 | Oil & Gas | RWLC vs DBE | |
| United States Brent Oil Fund LP | -0.16 | -0.03 | 0.07 | 52 | Oil & Gas | RWLC vs BNO | |
| Barclays ETN+ Select MLP ETN | -0.16 | 0.21 | — | 68 | MLPs | RWLC vs ATMP |
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