Looking to balance out your exposure to RYTM? The ETFs below have the lowest correlation with RYTM — they tend to move on their own, which can help reduce risk when RYTM drops. The stock ideas table highlights individual companies that behave independently from RYTM.
Best Diversifiers for RYTM
3 ETFs have low correlation with RYTM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Clean Energy ETF (ICLN) (Alternative Energy Equities) with a 1Y correlation of 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | 0.15 | 0.25 | 0.27 | 89 | Alternative Energy Equities | RYTM vs ICLN | |
| Vanguard Information Technology ETF | 0.19 | 0.26 | 0.26 | 76 | Technology Equities | RYTM vs VGT | |
| Invesco S&P 500 Momentum ETF | 0.24 | 0.28 | 0.26 | 75 | Momentum, S&P 500 | RYTM vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYTM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYTM and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | -0.02 | 0.07 | 86 | Energy | |
| Chevron Corporation | -0.08 | -0.03 | 0.05 | 84 | Energy | |
| Altria Group, Inc. | -0.03 | -0.02 | 0.04 | 73 | Consumer Defensive | |
| TC Energy Corporation | -0.01 | 0.15 | 0.13 | 89 | Energy | |
| Banco Bradesco S.A. | 0.03 | 0.10 | 0.13 | 64 | Financial Services |
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