Looking to diversify beyond RWR? The ETFs below have historically moved differently from RWR, 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 RWR
959 ETFs have low correlation with RWR (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.23 | -0.17 | 56 | Leveraged Currency | RWR vs YCS | |
| Invesco DB Energy Fund | -0.19 | -0.11 | 0.02 | 72 | Oil & Gas | RWR vs DBE | |
| United States Brent Oil Fund LP | -0.18 | -0.10 | 0.01 | 52 | Oil & Gas | RWR vs BNO | |
| United States Oil Fund LP | -0.17 | -0.10 | 0.02 | 55 | Oil & Gas | RWR vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | -0.06 | 0.07 | 72 | Commodities | RWR vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RWR, 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 Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of 0.50, roughly unchanged from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | 0.50 | 0.56 | 0.58 | 90 | Real Estate | |
| CareTrust REIT, Inc. | 0.51 | 0.50 | 0.57 | 84 | Real Estate | |
| Realty Income Corporation | 0.71 | 0.71 | 0.76 | 77 | Real Estate | |
| Prologis, Inc. | 0.80 | 0.82 | 0.82 | 90 | Real Estate |
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