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
139 ETFs have low correlation with FDX (below 0.3), 8 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.21 | -0.05 | 0.04 | 54 | Leveraged Commodities | FDX vs UCO | |
| United States Oil Fund LP | -0.21 | -0.06 | 0.03 | 66 | Oil & Gas | FDX vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.04 | 0.06 | 74 | Commodities | FDX vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.03 | 0.06 | 75 | Commodities | FDX vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | -0.01 | 0.05 | 93 | Inflation-Protected Bonds | FDX vs VTIP |
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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 AppLovin Corporation (APP) (Technology) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.07 | 0.07 | 0.18 | 59 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.09 | 0.12 | 86 | Energy | |
| Credo Technology Group Holding Ltd | -0.02 | 0.11 | 0.18 | 85 | Technology | |
| Altria Group, Inc. | -0.02 | 0.12 | 0.19 | 69 | Consumer Defensive | |
| Palo Alto Networks, Inc. | -0.02 | 0.11 | 0.18 | 67 | Technology |
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