Looking to diversify beyond FDIV? The ETFs below have historically moved differently from FDIV, 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 FDIV
747 ETFs have low correlation with FDIV (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.10 | -0.01 | 72 | Oil & Gas | FDIV vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.07 | 0.01 | 58 | Oil & Gas | FDIV vs DBO | |
| United States Brent Oil Fund LP | -0.27 | -0.08 | -0.00 | 52 | Oil & Gas | FDIV vs BNO | |
| United States Gasoline Fund, LP | -0.27 | -0.08 | 0.00 | 87 | Oil & Gas | FDIV vs UGA | |
| United States Oil Fund LP | -0.26 | -0.08 | -0.00 | 55 | Oil & Gas | FDIV vs USO |
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