Looking to diversify beyond FIAX? The ETFs below have the lowest correlation with FIAX — 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 FIAX.
Best Diversifiers for FIAX
321 ETFs have low correlation with FIAX (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, down from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.15 | — | 61 | Leveraged Currency | FIAX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.11 | -0.11 | 97 | Inflation-Protected Bonds | FIAX vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | 0.08 | 0.08 | 98 | Inflation-Protected Bonds | FIAX vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.02 | -0.01 | 70 | Commodities | FIAX vs FAAR | |
| VanEck Commodity Strategy ETF | -0.18 | 0.02 | -0.00 | 55 | Commodities | FIAX vs PIT |
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