Looking to diversify beyond RWM? The ETFs below have historically moved differently from RWM, 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 RWM
1718 ETFs have low correlation with RWM (below 0.3), 1647 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.
How candidates are selected| 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 | 72 | Leveraged Equities, Small Cap Blend Equities | RWM vs TNA | |
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 72 | Leveraged Equities | RWM vs URTY | |
| Vanguard Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 79 | Small Cap Blend Equities | RWM vs VTWO | |
| ProShares Ultra Russell2000 | -1.00 | -1.00 | -1.00 | 73 | Leveraged Equities | RWM vs UWM | |
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 79 | Small Cap Blend Equities | RWM vs IWM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RWM, 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 Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of -0.66, roughly unchanged from -0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | -0.66 | -0.69 | -0.66 | 92 | Industrials | |
| Amkor Technology, Inc. | -0.59 | -0.60 | -0.64 | 85 | Technology | |
| ACM Research, Inc. | -0.59 | -0.52 | -0.54 | 87 | Technology | |
| Lam Research Corporation | -0.58 | -0.50 | -0.55 | 96 | Technology | |
| Camtek Ltd. | -0.57 | -0.45 | -0.52 | 66 | Technology |
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