Looking to diversify beyond FGD? The ETFs below have historically moved differently from FGD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FGD
326 ETFs have low correlation with FGD (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.31 | -0.25 | 56 | Leveraged Currency | FGD vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 58 | Derivative Income | FGD vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.02 | 0.16 | 54 | Oil & Gas | FGD vs DBE | |
| United States Gasoline Fund, LP | -0.17 | -0.01 | 0.15 | 72 | Oil & Gas | FGD vs UGA | |
| iShares Diversified Commodity Swap UCITS ETF | -0.14 | -0.04 | — | 58 | Commodities | FGD vs ISCMF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FGD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Delek Group Ltd (DELKY) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.05 | 0.12 | 0.13 | 72 | Energy | |
| Kenon Holdings Ltd. | 0.31 | 0.28 | 0.35 | 77 | Utilities | |
| abrdn Total Dynamic Dividend Fund | 0.51 | 0.59 | 0.66 | 89 | Financial Services |
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