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
1032 ETFs have low correlation with FHLC (below 0.3), 60 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.41 | -0.41 | -0.41 | 99 | Leveraged Equities, Semiconductors | FHLC vs MUU | |
| Invesco DB Energy Fund | -0.32 | -0.19 | -0.05 | 53 | Oil & Gas | FHLC vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.16 | -0.04 | 78 | Oil & Gas | FHLC vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.09 | 72 | Leveraged Currency | FHLC vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.14 | -0.01 | 51 | Commodities | FHLC vs GSG |
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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 -0.13, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.04 | 0.06 | 80 | Energy | |
| Broadcom Inc. | -0.08 | 0.11 | 0.28 | 71 | Technology | |
| ConocoPhillips Company | -0.07 | 0.07 | 0.14 | 66 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.08 | 0.16 | 75 | Energy | |
| Devon Energy Corporation | -0.06 | 0.08 | 0.16 | 72 | Energy |
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