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
334 ETFs have low correlation with FGD (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.31 | -0.24 | 61 | Leveraged Currency | FGD vs YCS | |
| United States Oil Fund LP | -0.27 | 0.01 | 0.18 | 66 | Oil & Gas | FGD vs USO | |
| Invesco DB Energy Fund | -0.27 | 0.01 | 0.18 | 71 | Oil & Gas | FGD vs DBE | |
| United States Brent Oil Fund LP | -0.26 | 0.02 | 0.17 | 65 | Oil & Gas | FGD vs BNO | |
| Invesco DB Oil Fund | -0.25 | 0.02 | 0.19 | 65 | Oil & Gas | FGD vs DBO |
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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 0.03, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Group Ltd | 0.03 | 0.12 | 0.12 | 89 | Energy | |
| Kenon Holdings Ltd. | 0.33 | 0.29 | 0.37 | 95 | Utilities |
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