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
289 ETFs have low correlation with RYLD (below 0.3), 53 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.02 | 0.10 | 66 | Oil & Gas | RYLD vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.02 | 0.11 | 71 | Oil & Gas | RYLD vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.00 | 0.11 | 65 | Oil & Gas | RYLD vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | RYLD vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | 0.02 | 0.13 | 55 | Oil & Gas | RYLD vs OILK |
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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 CVR Energy, Inc. (CVI) (Energy) with a 1Y correlation of -0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVR Energy, Inc. | -0.02 | 0.20 | 0.29 | 65 | Energy | |
| Walmart Inc. | -0.01 | 0.17 | 0.22 | 63 | Consumer Defensive | |
| Repsol SA | 0.02 | 0.20 | 0.27 | 95 | Energy | |
| Enterprise Products Partners L.P. | 0.08 | 0.28 | 0.36 | 85 | Energy | |
| Black Hills Corporation | 0.15 | 0.29 | 0.32 | 77 | Utilities |
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