Looking to balance out your exposure to RYAAY? The ETFs below have the lowest correlation with RYAAY — they tend to move on their own, which can help reduce risk when RYAAY drops. The stock ideas table highlights individual companies that behave independently from RYAAY.
Best Diversifiers for RYAAY
0 ETFs have low correlation with RYAAY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.32 | 0.38 | 73 | Nasdaq-100 | RYAAY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.36 | 0.42 | 70 | S&P 500 | RYAAY vs SPY | |
| Vanguard Total Stock Market ETF | 0.40 | 0.37 | 0.43 | 68 | Large Cap Blend Equities | RYAAY vs VTI | |
| Vanguard S&P 500 ETF | 0.40 | 0.36 | 0.42 | 70 | S&P 500 | RYAAY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYAAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYAAY and solid risk/return profiles. The least correlated is Innovex International, Inc (INVX) (Energy) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovex International, Inc | -0.02 | 0.09 | 0.17 | 86 | Energy | |
| Cloudflare, Inc. | 0.04 | 0.20 | 0.26 | 67 | Technology | |
| Endesa SA ADR | 0.10 | 0.13 | 0.17 | 83 | Utilities | |
| Micron Technology, Inc. | 0.10 | 0.16 | 0.25 | 99 | Technology | |
| Fabrinet | 0.11 | 0.19 | 0.24 | 93 | Technology |
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