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
115 ETFs have low correlation with FDX (below 0.3), 4 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.03 | 0.05 | 56 | Commodities | FDX vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.04 | 0.05 | 57 | Commodities | FDX vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | FDX vs USFR | |
| iShares 0-5 Year TIPS Bond ETF | -0.00 | 0.02 | 0.05 | 91 | Inflation-Protected Bonds | FDX vs STIP | |
| Alpha Architect 1-3 Month Box ETF | 0.01 | -0.00 | — | 100 | Ultrashort Bond | FDX vs BOXX |
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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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.08 | 0.06 | 0.15 | 52 | Consumer Defensive | |
| AppLovin Corporation | -0.04 | 0.06 | 0.18 | 56 | Communication Services | |
| Altria Group, Inc. | -0.03 | 0.11 | 0.18 | 80 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.10 | 0.12 | 80 | Energy | |
| Snowflake Inc. | -0.03 | 0.13 | 0.21 | 60 | Technology |
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