Looking to diversify beyond RWO? The ETFs below have the lowest correlation with RWO — 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 RWO.
Best Diversifiers for RWO
649 ETFs have low correlation with RWO (below 0.3), 37 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.50 | -0.50 | -0.50 | 99 | Leveraged Equities, Semiconductors | RWO vs MUU | |
| ProShares UltraShort Yen | -0.46 | -0.31 | -0.23 | 75 | Leveraged Currency | RWO vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.11 | 0.02 | 72 | Oil & Gas | RWO vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.05 | 0.07 | 51 | Commodities | RWO vs PDBC | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | — | — | 60 | Inverse Equities, Leveraged Equities | RWO vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWO and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.55, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.55 | 0.59 | 0.60 | 83 | Real Estate | |
| W. P. Carey Inc. | 0.64 | 0.69 | 0.72 | 79 | Real Estate | |
| Prologis, Inc. | 0.76 | 0.79 | 0.80 | 86 | Real Estate |
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