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
572 ETFs have low correlation with FAS (below 0.3), 41 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.20, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.20 | -0.25 | -0.25 | 55 | Inverse Equities | FAS vs NFXS | |
| United States Gasoline Fund LP | -0.19 | -0.04 | 0.10 | 55 | Oil & Gas | FAS vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | FAS vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.04 | 0.02 | 75 | Commodities | FAS vs FAAR | |
| VanEck Commodity Strategy ETF | -0.15 | -0.02 | — | 57 | Commodities | FAS vs PIT |
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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 | 0.04 | — | — | 51 | Financial Services | |
| Broadcom Inc. | 0.09 | 0.19 | 0.33 | 72 | Technology | |
| NVIDIA Corporation | 0.11 | 0.19 | 0.36 | 72 | Technology | |
| ASML Holding N.V. | 0.22 | 0.29 | 0.42 | 94 | Technology | |
| Apple Inc | 0.29 | 0.30 | 0.40 | 87 | Technology |
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