Looking to diversify beyond FGSI? The ETFs below have the lowest correlation with FGSI — 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 FGSI.
Best Diversifiers for FGSI
311 ETFs have low correlation with FGSI (below 0.3), 24 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.08 | -0.08 | -0.08 | 98 | Commodities | FGSI vs BWET | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.07 | -0.07 | -0.07 | 95 | Inflation-Protected Bonds | FGSI vs IBID | |
| Breakwave Dry Bulk Shipping ETF | -0.07 | -0.07 | -0.07 | 75 | Commodities | FGSI vs BDRY | |
| Texas Capital Government Money Market ETF | -0.06 | -0.06 | -0.06 | 100 | Money Market | FGSI vs MMKT | |
| Brookstone Ultra-Short Bond ETF | -0.06 | -0.06 | -0.06 | 98 | Ultrashort Bond | FGSI vs BAMU |
See all 1916 diversifiers for FGSI
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