Looking to balance out your exposure to FDX? The ETFs below have the lowest correlation with FDX — they tend to move on their own, which can help reduce risk when FDX drops. The stock ideas table highlights individual companies that behave independently from FDX.
Best Diversifiers for FDX
113 ETFs have low correlation with FDX (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | FDX vs USFR | |
| Alpha Architect 1-3 Month Box ETF | -0.03 | -0.01 | — | 100 | Ultrashort Bond | FDX vs BOXX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | 0.01 | 0.06 | 83 | Inflation-Protected Bonds | FDX vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.02 | 0.01 | 0.06 | 85 | Inflation-Protected Bonds | FDX vs STIP | |
| iShares Prime Money Market ETF | 0.04 | — | — | 100 | Money Market | FDX vs PMMF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDX and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.04 | 0.07 | 0.19 | 60 | Communication Services | |
| Altria Group, Inc. | -0.03 | 0.11 | 0.18 | 72 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.02 | 0.10 | 0.13 | 75 | Energy | |
| Credo Technology Group Holding Ltd | -0.01 | 0.11 | 0.18 | 88 | Technology | |
| Exxon Mobil Corporation | 0.01 | 0.14 | 0.21 | 72 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FDX
Add FDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDX