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Looking to diversify beyond FIDU? The ETFs below have the lowest correlation with FIDU — 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 FIDU.

Best Diversifiers for FIDU

224 ETFs have low correlation with FIDU (below 0.3), 33 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.08 over 5 years.


See all 1472 diversifiers for FIDU

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FIDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIDU and solid risk/return profiles. The least correlated is Fastenal Company (FAST) (Industrials) with a 1Y correlation of 0.55, down from 0.67 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Fastenal Company0.550.600.67
55
Industrials
Honeywell International Inc0.590.600.69
50
Industrials

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Diversification Analysis

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