Looking to diversify beyond FDIS? The ETFs below have the lowest correlation with FDIS — 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 FDIS.
Best Diversifiers for FDIS
414 ETFs have low correlation with FDIS (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.05 | 71 | Oil & Gas | FDIS vs DBE | |
| United States Oil Fund LP | -0.32 | -0.09 | 0.04 | 66 | Oil & Gas | FDIS vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.07 | 0.04 | 65 | Oil & Gas | FDIS vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | FDIS vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.05 | 0.06 | 56 | Oil & Gas | FDIS vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDIS and solid risk/return profiles. The least correlated is Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.19 | 0.01 | 0.11 | 55 | Energy | |
| Regency Centers Corporation | 0.22 | 0.30 | 0.44 | 59 | Real Estate | |
| NVIDIA Corporation | 0.29 | 0.42 | 0.57 | 82 | Technology | |
| Pfizer Inc. | 0.30 | 0.23 | 0.20 | 62 | Healthcare | |
| Micron Technology, Inc. | 0.32 | 0.42 | 0.50 | 99 | Technology |
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