Looking to diversify beyond FGD? The ETFs below have the lowest correlation with FGD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FGD.
Best Diversifiers for FGD
337 ETFs have low correlation with FGD (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.54, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.54 | -0.55 | -0.58 | 51 | Currency | FGD vs UUP | |
| ProShares UltraShort Yen | -0.40 | -0.31 | -0.25 | 72 | Leveraged Currency | FGD vs YCS | |
| ProShares Short Bitcoin ETF | -0.38 | -0.32 | -0.34 | 57 | Cryptocurrency | FGD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FGD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.33 | -0.33 | 68 | Inverse Equities, Leveraged Equities | FGD vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FGD and solid risk/return profiles. The least correlated is Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.07 | 0.13 | 0.13 | 70 | Energy | |
| Kenon Holdings Ltd. | 0.33 | 0.29 | 0.36 | 78 | Utilities | |
| Abrdn Total Dynamic Dividend Fund | 0.53 | 0.60 | 0.67 | 87 | Financial Services |
Build a portfolio that complements FGD
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