Looking to balance out your exposure to FDUS? The ETFs below have historically moved differently from FDUS, 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 FDUS
13 ETFs have low correlation with FDUS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.02 | 0.01 | 100 | Ultrashort Bond | FDUS vs SGOV | |
| Alerian MLP ETF | 0.06 | 0.25 | 0.30 | 67 | MLPs | FDUS vs AMLP | |
| Invesco Ultra Short Duration ETF | 0.08 | 0.04 | 0.01 | 99 | Ultrashort Bond | FDUS vs GSY | |
| Amplify Natural Resources Dividend Income ETF | 0.08 | 0.25 | — | 66 | Energy Equities, Dividend | FDUS vs NDIV | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.11 | 0.13 | 0.16 | 50 | Silver, Precious Metals | FDUS vs SLVP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDUS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.10 | 0.10 | 0.18 | 78 | Energy | |
| Altria Group, Inc. | -0.07 | 0.06 | 0.15 | 66 | Consumer Defensive | |
| Enbridge Inc. | -0.01 | 0.18 | 0.26 | 82 | Energy | |
| Verizon Communications Inc. | 0.02 | 0.11 | 0.17 | 66 | Communication Services | |
| Amgen Inc. | 0.04 | 0.16 | 0.17 | 77 | Healthcare |
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