Looking to diversify beyond FHLC? The ETFs below have the lowest correlation with FHLC — 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 FHLC.
Best Diversifiers for FHLC
829 ETFs have low correlation with FHLC (below 0.3), 56 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.32 | -0.17 | -0.05 | 65 | Oil & Gas | FHLC vs BNO | |
| United States Oil Fund LP | -0.32 | -0.17 | -0.05 | 66 | Oil & Gas | FHLC vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.32 | -0.16 | -0.04 | 55 | Oil & Gas | FHLC vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.17 | -0.04 | 54 | Leveraged Commodities | FHLC vs UCO | |
| Invesco DB Oil Fund | -0.31 | -0.17 | -0.04 | 65 | Oil & Gas | FHLC vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FHLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHLC and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | 0.02 | 0.05 | 86 | Energy | |
| ConocoPhillips Company | -0.07 | 0.07 | 0.14 | 76 | Energy | |
| Energy Transfer LP | -0.05 | 0.13 | 0.20 | 69 | Energy | |
| Chevron Corporation | -0.05 | 0.11 | 0.18 | 83 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.09 | 0.16 | 85 | Energy |
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