Looking to diversify beyond RWX? The ETFs below have the lowest correlation with RWX — 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 RWX.
Best Diversifiers for RWX
273 ETFs have low correlation with RWX (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.53, down from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.53 | -0.44 | -0.36 | 61 | Leveraged Currency | RWX vs YCS | |
| Invesco DB Energy Fund | -0.35 | -0.12 | 0.04 | 71 | Oil & Gas | RWX vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | RWX vs USOY | |
| United States Oil Fund LP | -0.33 | -0.09 | 0.05 | 66 | Oil & Gas | RWX vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.09 | 0.05 | 65 | Oil & Gas | RWX vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RWX and solid risk/return profiles. The least correlated is W. P. Carey Inc. (WPC) (Real Estate) with a 1Y correlation of 0.41, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. P. Carey Inc. | 0.41 | 0.49 | 0.50 | 79 | Real Estate | |
| Prologis, Inc. | 0.50 | 0.52 | 0.53 | 83 | Real Estate |
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