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44 Stocks and 56 ETFs for diversifying ReNew Energy Global (RNW)

The least correlated asset to ReNew Energy Global (RNW) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with RNW

SymbolName
Market cap
SectorIndustry
Correlation
SCAGScage Future$25MIndustrialsFarm & Heavy Construction Machinery-0.81
AUGOAura Minerals Inc$4.54BBasic MaterialsGold-0.79
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.72
AAUCAllied Gold Corporation$2.75BBasic MaterialsGold-0.69
GLIBAGCI Liberty Inc - Class A$879MCommunication ServicesTelecom Services-0.68
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.65
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.62
VINON/A$1.32MReal EstateReal Estate - Diversified-0.59
YMTYimutian Inc$111MTechnologySoftware - Application-0.58
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.57
JBSJBS N.V. - Class A$13BConsumer DefensivePackaged Foods-0.57
BIOABioAge Labs Inc$1.01BHealthcareDrug Manufacturers - Specialty & Generic-0.55
AMBRAmber Road Inc$136MTechnologySoftware - Infrastructure-0.54
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.52
ALMSAlumis Inc$3.60BHealthcareBiotechnology-0.52
KMRKKTech Solutions Company Ltd$21MConsumer CyclicalLeisure-0.50
PELIRPelican Acquisition Corp$2.80MN/AN/A-0.48
SUGPSU Group Holdings Ltd - Class A$5.51MIndustrialsSecurity & Protection Services-0.47
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.47
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.46
POLEUAndretti Acquisition Corp II - Units (1 Ord Class A & 1/2 War)$223MFinancial ServicesShell Companies-0.46
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.46
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.45
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.45
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.44
INRInfinity Natural Resources Inc - Class A$227MEnergyOil & Gas E&p-0.44
AMTMAmentum Holdings Inc$5.07BIndustrialsSpecialty Business Services-0.43
BAYARBayview Acquisition Corp$143KN/AN/A-0.42
AGM-P-HFederal Agricultural Mortgage Corp$259MN/AN/A-0.42
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.42
ASPCA SPAC III Acquisition Corp - Class A$17MFinancial ServicesShell Companies-0.42
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.42
ENGNenGene Holdings Inc$127MHealthcareBiotechnology-0.41
FTRKFast Track Group.$9.53MCommunication ServicesEntertainment-0.40
AFJKAimei Health Technology Co Ltd$153MFinancial ServicesShell Companies-0.40
CFG-P-ICitizens Financial Group Inc$11BN/AN/A-0.40
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.39
JRVRJames River Group Holdings Ltd$203MFinancial ServicesInsurance - Specialty-0.39
BAYABayview Acquisition Corp - Class A$33MFinancial ServicesShell Companies-0.39
AFJKUAimei Health Technology Co Ltd - Units (1 1 Rights)$38MFinancial ServicesShell Companies-0.39
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.38
MCRPMicropolis Holding Company$42MTechnologyComputer Hardware-0.38
ISOUIsoEnergy Ltd$593MEnergyUranium-0.38
TFIN-PTriumph Financial Inc Depositary Shares Series C$531MFinancial ServicesBanks - Regional-0.37

ETFs that lowly correlated with RNW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
TEXXHORIZON KINETICS TEXAS ETF $2.90M0.85%Jan 21, 2026-0.66
TURFT. ROWE PRICE NATURAL RESOURCES ETF $157M0.44%Jun 11, 2025-0.66
SLJYAmplify SILJ Covered Call ETF$54M0.76%Aug 18, 2025-0.63
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.62
HFMFUNLIMITED HFMF MANAGED FUTURES ETF $22M0.97%Jul 14, 2025-0.62
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.62
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.61
GLDYDEFIANCE GOLD ENHANCED OPTIONS INCOME ETF $32M1.04%Apr 1, 2025-0.60
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.58
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.56
LENSSARMAYA THEMATIC ETF $50M0.79%Jan 28, 2025-0.55
IAUINEOS GOLD HIGH INCOME ETF $448M0.79%Jun 4, 2025-0.54
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.54
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.54
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.54
RBPROSHARES RUSSELL 2000 DYNAMIC DAILY BUFFER ETF $1.20M0.58%Jun 24, 2025-0.52
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.52
LMTLDirexion Daily LMT Bull 2X ETF$8.40MN/AAug 5, 2025-0.50
XOMOYIELDMAX(R) XOM OPTION INCOME STRATEGY ETF $30M1.17%Aug 30, 2023-0.49
EDGH3EDGE DYNAMIC HARD ASSETS ETF $152M1.01%Oct 2, 2024-0.49
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.48
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.47
DVXBWEBs Defined Volatility XLB ETF$276K0.89%Jul 22, 2025-0.47
OTGLOTG LATIN AMERICA ETF $28M0.95%May 7, 2019-0.47
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.46
SBILSimplify Government Money Market ETF$5B0.15%Jul 14, 2025-0.46
NRESXTRACKERS RREEF GLOBAL NATURAL RESOURCES ETF $32M0.45%Feb 26, 2024-0.46
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.44
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.44
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.44
GBUGSprott Active Gold & Silver Miners$141M0.90%Feb 19, 2025-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.42
FFUTFIDELITY MANAGED FUTURES ETF $247M0.80%Jun 3, 2025-0.42
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.42
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.42
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.42
KEATKEATING ACTIVE ETF $111M0.85%Mar 26, 2024-0.42
AGMITHEMES SILVER MINERS ETF $10M0.35%May 2, 2024-0.41
GDXYYIELDMAX(R) GOLD MINERS OPTION INCOME STRATEGY ETF $213M1.00%May 20, 2024-0.41
WEEIWestwood Salient Enhanced Energy Income ETF$82M0.85%Apr 30, 2024-0.41
SLVRSPROTT SILVER MINERS & PHYSICAL SILVER ETF $646M0.65%Jan 14, 2025-0.41
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.40
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.39
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.39
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.39
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.39
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.39
XLCISTATE STREET(R) COMMUNICATION SERVICES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R ) COMMUNICATION SERVICES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$2.10M0.35%Jul 29, 2025-0.39
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.39
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.38
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.38