Looking to balance out your exposure to FDUS? The ETFs below have the lowest correlation with FDUS — they tend to move on their own, which can help reduce risk when FDUS drops. The stock ideas table highlights individual companies that behave independently from FDUS.
Best Diversifiers for FDUS
11 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 -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.03 | 0.02 | 100 | Ultrashort Bond | FDUS vs SGOV | |
| Alerian MLP ETF | 0.07 | 0.27 | 0.31 | 54 | MLPs | FDUS vs AMLP | |
| Invesco Ultra Short Duration ETF | 0.08 | 0.03 | 0.01 | 99 | Ultrashort Bond | FDUS vs GSY | |
| Janus Henderson B-BBB CLO ETF | 0.14 | 0.14 | — | 52 | CLO | FDUS vs JBBB | |
| Panagram BBB-B CLO ETF | 0.16 | 0.17 | — | 57 | CLO | FDUS vs CLOZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDUS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDUS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.07 | 0.16 | 81 | Consumer Defensive | |
| Devon Energy Corporation | -0.06 | 0.12 | 0.20 | 72 | Energy | |
| Verizon Communications Inc. | -0.02 | 0.10 | 0.17 | 57 | Communication Services | |
| Enbridge Inc. | -0.00 | 0.18 | 0.26 | 88 | Energy | |
| Amgen Inc. | 0.04 | 0.16 | 0.16 | 73 | Healthcare |
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