Looking to balance out your exposure to RYAN? The ETFs below have the lowest correlation with RYAN — they tend to move on their own, which can help reduce risk when RYAN drops. The stock ideas table highlights individual companies that behave independently from RYAN.
Best Diversifiers for RYAN
3 ETFs have low correlation with RYAN (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.10, down from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.10 | 0.06 | — | 73 | Nasdaq-100 | RYAN vs QQQ | |
| Vanguard S&P 500 ETF | -0.01 | 0.15 | — | 70 | S&P 500 | RYAN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.15 | — | 70 | S&P 500 | RYAN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYAN and solid risk/return profiles. The least correlated is Advanced Energy Industries, Inc. (AEIS) (Industrials) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Energy Industries, Inc. | -0.20 | 0.03 | 0.16 | 94 | Industrials | |
| Novanta Inc. | 0.02 | 0.16 | — | 62 | Technology | |
| AAON, Inc. | 0.06 | 0.16 | — | 69 | Industrials | |
| Principal Financial Group, Inc. | 0.23 | 0.27 | — | 81 | Financial Services | |
| Chubb Limited | 0.35 | 0.35 | — | 51 | Financial Services |
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