Looking to diversify beyond FHLC? The ETFs below have historically moved differently from FHLC, 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 FHLC
1283 ETFs have low correlation with FHLC (below 0.3), 91 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.33 | -0.20 | -0.07 | 52 | Oil & Gas | FHLC vs BNO | |
| United States Oil Fund LP | -0.32 | -0.19 | -0.07 | 55 | Oil & Gas | FHLC vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.19 | -0.06 | 72 | Oil & Gas | FHLC vs DBE | |
| Invesco DB Oil Fund | -0.30 | -0.19 | -0.06 | 58 | Oil & Gas | FHLC vs DBO | |
| United States Gasoline Fund, LP | -0.30 | -0.16 | -0.04 | 87 | Oil & Gas | FHLC vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FHLC, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.20, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.20 | 0.02 | 0.05 | 85 | Energy | |
| BP p.l.c. | -0.11 | 0.02 | 0.12 | 84 | Energy | |
| Broadcom Inc. | -0.11 | 0.09 | 0.26 | 67 | Technology | |
| ConocoPhillips Company | -0.10 | 0.06 | 0.14 | 72 | Energy | |
| IREN Limited | -0.08 | 0.12 | 0.15 | 78 | Financial Services |
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