Looking to balance out your exposure to FDP? The ETFs below have the lowest correlation with FDP — they tend to move on their own, which can help reduce risk when FDP drops. The stock ideas table highlights individual companies that behave independently from FDP.
Best Diversifiers for FDP
2 ETFs have low correlation with FDP (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.05 | -0.01 | 0.09 | 59 | Nasdaq-100 | FDP vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.13 | 0.23 | 60 | S&P 500 | FDP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDP and solid risk/return profiles. The least correlated is Overseas Chinese Banking Corp Ltd ADR (OVCHY) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Overseas Chinese Banking Corp Ltd ADR | 0.01 | 0.03 | 0.09 | 94 | Financial Services | |
| Deutsche Lufthansa AG ADR | 0.04 | 0.10 | 0.14 | 69 | Industrials | |
| Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | 0.04 | 0.08 | 0.15 | 54 | Industrials | |
| Norsk Hydro ASA ADR | 0.07 | 0.13 | 0.15 | 87 | Basic Materials | |
| Global Ship Lease, Inc. | 0.11 | 0.11 | 0.14 | 88 | Industrials |
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