Looking to diversify beyond RYLD? The ETFs below have the lowest correlation with RYLD — 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 RYLD.
Best Diversifiers for RYLD
259 ETFs have low correlation with RYLD (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.37 | -0.37 | 57 | Cryptocurrency | RYLD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | RYLD vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | RYLD vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | RYLD vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.25 | -0.29 | 51 | Currency | RYLD vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYLD and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | 0.15 | 0.21 | 71 | Consumer Defensive | |
| Enterprise Products Partners L.P. | 0.01 | 0.25 | 0.34 | 87 | Energy | |
| Repsol SA | 0.03 | 0.18 | 0.26 | 95 | Energy | |
| Energy Transfer LP | 0.05 | 0.30 | 0.39 | 84 | Energy | |
| Realty Income Corporation | 0.06 | 0.23 | 0.32 | 74 | Real Estate |
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Build a portfolio that complements RYLD
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