Looking to balance out your exposure to RYCEY? The ETFs below have the lowest correlation with RYCEY — they tend to move on their own, which can help reduce risk when RYCEY drops. The stock ideas table highlights individual companies that behave independently from RYCEY.
Best Diversifiers for RYCEY
8 ETFs have low correlation with RYCEY (below 0.3), 4 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.05 | 0.07 | 51 | Commodities | RYCEY vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.02 | 0.09 | 55 | Commodities | RYCEY vs PDBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | 0.01 | 100 | Ultrashort Bond | RYCEY vs SGOV | |
| Alerian MLP ETF | -0.10 | 0.12 | 0.24 | 54 | MLPs | RYCEY vs AMLP | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.08 | 0.06 | 91 | Inflation-Protected Bonds | RYCEY vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYCEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYCEY and solid risk/return profiles. The least correlated is Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.21, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.21 | 0.01 | 0.16 | 77 | Energy | |
| Cboe Global Markets, Inc. | -0.16 | -0.11 | 0.00 | 62 | Financial Services | |
| Cheniere Energy, Inc. | -0.14 | 0.02 | 0.12 | 58 | Energy | |
| Archer-Daniels-Midland Company | -0.13 | -0.02 | 0.08 | 90 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | -0.06 | -0.05 | 0.04 | 75 | Industrials |
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