Looking to diversify beyond FDRR? The ETFs below have the lowest correlation with FDRR — 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 FDRR.
Best Diversifiers for FDRR
368 ETFs have low correlation with FDRR (below 0.3), 80 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.04 | 0.10 | 66 | Oil & Gas | FDRR vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.04 | 0.12 | 71 | Oil & Gas | FDRR vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.04 | 0.10 | 65 | Oil & Gas | FDRR vs BNO | |
| Invesco DB Oil Fund | -0.29 | -0.02 | 0.12 | 65 | Oil & Gas | FDRR vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.07 | -0.07 | 56 | Derivative Income | FDRR vs USOY |
See all 2189 diversifiers for FDRR
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