Looking to diversify beyond FDRV? The ETFs below have the lowest correlation with FDRV — 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 FDRV.
Best Diversifiers for FDRV
407 ETFs have low correlation with FDRV (below 0.3), 66 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.28 | -0.01 | — | 66 | Oil & Gas | FDRV vs USO | |
| Invesco DB Energy Fund | -0.26 | 0.01 | — | 71 | Oil & Gas | FDRV vs DBE | |
| United States Brent Oil Fund LP | -0.25 | 0.01 | 0.08 | 65 | Oil & Gas | FDRV vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.03 | -0.03 | 56 | Derivative Income | FDRV vs USOY | |
| Invesco DB Oil Fund | -0.23 | 0.02 | — | 65 | Oil & Gas | FDRV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDRV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDRV and solid risk/return profiles. The least correlated is Aptiv PLC (APTV) (Consumer Cyclical) with a 1Y correlation of 0.51, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aptiv PLC | 0.51 | 0.59 | 0.68 | 50 | Consumer Cyclical |
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