Looking to balance out your exposure to RYCEY? The ETFs below have historically moved differently from RYCEY, 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 RYCEY
9 ETFs have low correlation with RYCEY (below 0.3), 5 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.10 | 0.03 | 55 | Oil & Gas | RYCEY vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.06 | 0.06 | 67 | Commodities | RYCEY vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.03 | 0.07 | 72 | Commodities | RYCEY vs PDBC | |
| Alerian MLP ETF | -0.14 | 0.11 | 0.22 | 66 | MLPs | RYCEY vs AMLP | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.03 | 0.01 | 100 | Ultrashort Bond | RYCEY vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYCEY, 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 Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.23, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.23 | -0.00 | 0.15 | 79 | Energy | |
| Cheniere Energy, Inc. | -0.20 | 0.01 | 0.10 | 57 | Energy | |
| Cboe Global Markets, Inc. | -0.14 | -0.10 | -0.01 | 69 | Financial Services | |
| Archer-Daniels-Midland Company | -0.12 | -0.02 | 0.08 | 90 | Consumer Defensive | |
| VeriSign, Inc. | -0.07 | 0.07 | 0.15 | 53 | Technology |
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