Looking to diversify beyond RXL? The ETFs below have the lowest correlation with RXL — 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 RXL.
Best Diversifiers for RXL
728 ETFs have low correlation with RXL (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.10 | -0.09 | 61 | Leveraged Currency | RXL vs YCS | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.08 | -0.06 | 70 | Commodities | RXL vs FAAR | |
| VanEck Commodity Strategy ETF | -0.17 | -0.09 | -0.03 | 55 | Commodities | RXL vs PIT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | RXL vs IBIC | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.15 | -0.06 | 0.05 | 53 | Commodities | RXL vs FTGC |
See all 1573 diversifiers for RXL
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