Looking to diversify beyond FCLD? The ETFs below have the lowest correlation with FCLD — 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 FCLD.
Best Diversifiers for FCLD
617 ETFs have low correlation with FCLD (below 0.3), 93 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.19, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.19 | -0.03 | — | 66 | Oil & Gas | FCLD vs USO | |
| Invesco DB Energy Fund | -0.18 | -0.02 | — | 71 | Oil & Gas | FCLD vs DBE | |
| United States Brent Oil Fund LP | -0.17 | -0.02 | — | 65 | Oil & Gas | FCLD vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.16 | 0.00 | — | 56 | Oil & Gas | FCLD vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.15 | 0.00 | 0.06 | 56 | Leveraged Commodities | FCLD vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCLD and solid risk/return profiles. The least correlated is Red Cat Holdings, Inc. (RCAT) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Red Cat Holdings, Inc. | 0.25 | 0.23 | — | 75 | Technology | |
| AST SpaceMobile, Inc. | 0.25 | 0.34 | — | 93 | Communication Services | |
| Rocket Lab USA, Inc. | 0.33 | 0.48 | — | 94 | Industrials | |
| Intuitive Machines Inc. | 0.35 | 0.35 | 0.24 | 89 | Industrials | |
| IonQ, Inc. | 0.36 | 0.47 | — | 65 | Technology |
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