Looking to balance out your exposure to RYN? The ETFs below have historically moved differently from RYN, 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 RYN
4 ETFs have low correlation with RYN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.09, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.09 | 0.17 | 0.28 | 76 | Energy Equities | RYN vs XLE | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | 0.13 | 0.30 | 0.42 | 53 | Nasdaq-100, Equal Weight | RYN vs QQQE | |
| Vanguard S&P 500 ETF | 0.13 | 0.28 | 0.43 | 68 | S&P 500 | RYN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.28 | 0.43 | 67 | S&P 500 | RYN vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.46 | 0.53 | 0.58 | 95 | Dividend | RYN vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYN, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.05 | 0.14 | 0.25 | 81 | Energy | |
| ProPetro Holding Corp. | 0.06 | 0.12 | 0.23 | 85 | Energy | |
| Chevron Corporation | 0.07 | 0.15 | 0.24 | 80 | Energy | |
| Equinix, Inc. | 0.11 | 0.27 | 0.39 | 82 | Real Estate | |
| Cencora Inc. | 0.15 | 0.14 | 0.23 | 53 | Healthcare |
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