Looking to diversify beyond RYLD? The ETFs below have historically moved differently from RYLD, 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 RYLD
272 ETFs have low correlation with RYLD (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.52, down from -0.38 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.52 | -0.38 | — | 51 | Cryptocurrency | RYLD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 69 | Derivative Income | RYLD vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.04 | 0.09 | 66 | Oil & Gas | RYLD vs DBE | |
| Invesco DB Oil Fund | -0.19 | -0.01 | 0.10 | 51 | Oil & Gas | RYLD vs DBO | |
| United States Gasoline Fund, LP | -0.18 | -0.01 | 0.09 | 83 | Oil & Gas | RYLD vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYLD, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | 0.15 | 0.21 | 60 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.04 | 0.24 | 0.33 | 89 | Energy | |
| Repsol SA | -0.01 | 0.17 | 0.25 | 97 | Energy | |
| CVR Energy, Inc. | 0.00 | 0.18 | 0.27 | 62 | Energy | |
| Energy Transfer LP | 0.03 | 0.26 | 0.35 | 82 | Energy |
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