Looking to diversify beyond FDG? The ETFs below have the lowest correlation with FDG — 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 FDG.
Best Diversifiers for FDG
460 ETFs have low correlation with FDG (below 0.3), 103 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.26 | -0.06 | 0.04 | 66 | Oil & Gas | FDG vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.06 | 0.05 | 71 | Oil & Gas | FDG vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.05 | 0.05 | 65 | Oil & Gas | FDG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | -0.06 | -0.06 | 56 | Derivative Income | FDG vs USOY | |
| United States 12 Month Oil Fund LP | -0.22 | -0.03 | 0.06 | 56 | Oil & Gas | FDG vs USL |
See all 2189 diversifiers for FDG
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Diversification Analysis
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