Looking to diversify beyond FAS? The ETFs below have historically moved differently from FAS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FAS
702 ETFs have low correlation with FAS (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.12 | 0.08 | 72 | Oil & Gas | FAS vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.10 | 0.08 | 58 | Oil & Gas | FAS vs DBO | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 52 | Inverse Equities | FAS vs SMST | |
| United States Brent Oil Fund LP | -0.25 | -0.10 | 0.07 | 52 | Oil & Gas | FAS vs BNO | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 61 | Inverse Equities, Leveraged Equities | FAS vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FAS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.04, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.04 | 0.17 | 0.32 | 67 | Technology | |
| Mitsubishi UFJ Lease & Finance Co Ltd ADR | 0.06 | — | — | 62 | Financial Services | |
| NVIDIA Corporation | 0.09 | 0.18 | 0.36 | 56 | Technology | |
| Realty Income Corporation | 0.16 | 0.32 | 0.38 | 77 | Real Estate | |
| ASML Holding N.V. | 0.19 | 0.27 | 0.40 | 96 | Technology |
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