Looking to diversify beyond FID? The ETFs below have the lowest correlation with FID — 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 FID.
Best Diversifiers for FID
307 ETFs have low correlation with FID (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.37 | -0.29 | 61 | Leveraged Currency | FID vs YCS | |
| Invesco DB Energy Fund | -0.35 | -0.06 | 0.10 | 71 | Oil & Gas | FID vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | FID vs USOY | |
| United States Oil Fund LP | -0.34 | -0.05 | 0.11 | 66 | Oil & Gas | FID vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.05 | 0.11 | 65 | Oil & Gas | FID vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FID and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.23, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.23 | 0.31 | 0.37 | 79 | Real Estate |
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