Looking to balance out your exposure to RYN? The ETFs below have the lowest correlation with RYN — they tend to move on their own, which can help reduce risk when RYN drops. The stock ideas table highlights individual companies that behave independently from RYN.
Best Diversifiers for RYN
5 ETFs have low correlation with RYN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.02, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.02 | 0.17 | 0.32 | 58 | Nasdaq-100 | RYN vs QQQ | |
| State Street Energy Select Sector SPDR ETF | 0.08 | 0.18 | 0.28 | 50 | Energy Equities | RYN vs XLE | |
| Vanguard S&P 500 ETF | 0.13 | 0.29 | 0.44 | 66 | S&P 500 | RYN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.29 | 0.44 | 66 | S&P 500 | RYN vs SPY | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | 0.14 | 0.30 | 0.42 | 52 | Nasdaq-100, Equal Weight | RYN vs QQQE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYN and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.02, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.02 | 0.14 | 0.25 | 84 | Energy | |
| Chevron Corporation | 0.06 | 0.17 | 0.25 | 70 | Energy | |
| ProPetro Holding Corp. | 0.07 | 0.14 | 0.23 | 85 | Energy | |
| Enterprise Products Partners L.P. | 0.17 | 0.27 | 0.33 | 87 | Energy | |
| Equinix, Inc. | 0.19 | 0.29 | 0.40 | 88 | Real Estate |
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Build a portfolio that complements RYN
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