Looking to diversify beyond FCOM? The ETFs below have historically moved differently from FCOM, 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 FCOM
484 ETFs have low correlation with FCOM (below 0.3), 93 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | FCOM vs WNTR | |
| ProShares Short Bitcoin ETF | -0.33 | -0.32 | — | 51 | Cryptocurrency | FCOM vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.09 | 0.04 | 66 | Oil & Gas | FCOM vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 52 | Derivative Income, Dividend | FCOM vs XOMO | |
| ProShares UltraShort Yen | -0.22 | -0.06 | -0.05 | 59 | Leveraged Currency | FCOM vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCOM, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.04 | 0.07 | 0.12 | 76 | Healthcare | |
| Eli Lilly and Company | 0.08 | 0.20 | 0.21 | 79 | Healthcare | |
| Pfizer Inc. | 0.16 | 0.13 | 0.17 | 62 | Healthcare |
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