Looking to diversify beyond FAS? The ETFs below have the lowest correlation with FAS — 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 FAS.
Best Diversifiers for FAS
639 ETFs have low correlation with FAS (below 0.3), 70 of which are negatively correlated. The least correlated is United States 12 Month Oil Fund LP (USL) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States 12 Month Oil Fund LP | -0.23 | -0.03 | 0.12 | 56 | Oil & Gas | FAS vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | -0.04 | 0.12 | 56 | Oil & Gas | FAS vs OILK | |
| Invesco DB Energy Fund | -0.20 | -0.04 | 0.12 | 71 | Oil & Gas | FAS vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.20 | -0.04 | 0.12 | 56 | Leveraged Commodities | FAS vs UCO | |
| Invesco DB Oil Fund | -0.19 | -0.03 | 0.12 | 65 | Oil & Gas | FAS vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAS and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsubishi UFJ Lease & Finance Co Ltd ADR | 0.06 | — | — | 52 | Financial Services | |
| Sprott Physical Silver Trust | 0.07 | 0.10 | 0.13 | 80 | Financial Services | |
| NVIDIA Corporation | 0.13 | 0.19 | 0.36 | 82 | Technology | |
| Broadcom Inc. | 0.14 | 0.23 | 0.37 | 86 | Technology | |
| Tesla, Inc. | 0.19 | 0.29 | 0.36 | 55 | Consumer Cyclical |
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