Looking to diversify beyond FDHY? The ETFs below have the lowest correlation with FDHY — 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 FDHY.
Best Diversifiers for FDHY
274 ETFs have low correlation with FDHY (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.06 | 0.08 | 71 | Oil & Gas | FDHY vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.06 | 0.07 | 65 | Oil & Gas | FDHY vs BNO | |
| United States Oil Fund LP | -0.33 | -0.07 | 0.07 | 66 | Oil & Gas | FDHY vs USO | |
| United States Gasoline Fund LP | -0.33 | -0.06 | 0.07 | 69 | Oil & Gas | FDHY vs UGA | |
| United States 12 Month Oil Fund LP | -0.32 | -0.04 | 0.09 | 56 | Oil & Gas | FDHY vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDHY and solid risk/return profiles. The least correlated is Shin-Etsu Chemical Co Ltd ADR (SHECY) (Basic Materials) with a 1Y correlation of 0.29, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd ADR | 0.29 | 0.34 | 0.36 | 77 | Basic Materials | |
| Reddit, Inc. | 0.34 | — | — | 62 | Communication Services | |
| German American Bancorp, Inc. | 0.36 | 0.31 | 0.32 | 62 | Financial Services | |
| ARMOUR Residential REIT, Inc. | 0.37 | 0.48 | 0.47 | 67 | Real Estate | |
| ASML Holding N.V. | 0.41 | 0.42 | 0.52 | 94 | Technology |
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Build a portfolio that complements FDHY
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