Looking to diversify beyond RWM? The ETFs below have the lowest correlation with RWM — 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 RWM.
Best Diversifiers for RWM
1565 ETFs have low correlation with RWM (below 0.3), 1534 of which are negatively correlated. The least correlated is Direxion Daily Small Cap Bull 3X Shares (TNA) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | -1.00 | -1.00 | -1.00 | 71 | Leveraged Equities, Small Cap Blend Equities | RWM vs TNA | |
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 71 | Leveraged Equities | RWM vs URTY | |
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 72 | Small Cap Blend Equities | RWM vs IWM | |
| Vanguard Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 73 | Small Cap Blend Equities | RWM vs VTWO | |
| ProShares Ultra Russell2000 | -1.00 | -1.00 | -1.00 | 70 | Leveraged Equities | RWM vs UWM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWM and solid risk/return profiles. The least correlated is Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of -0.70, roughly unchanged from -0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | -0.70 | -0.70 | -0.67 | 99 | Industrials | |
| ACM Research, Inc. | -0.59 | -0.52 | -0.54 | 95 | Technology | |
| Lam Research Corporation | -0.57 | -0.53 | -0.60 | 99 | Technology | |
| Applied Materials, Inc. | -0.56 | -0.53 | -0.61 | 98 | Technology | |
| Camtek Ltd | -0.53 | -0.45 | -0.52 | 91 | Technology |
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