Looking to balance out your exposure to FIG? The ETFs below have the lowest correlation with FIG — they tend to move on their own, which can help reduce risk when FIG drops. The stock ideas table highlights individual companies that behave independently from FIG.
Best Diversifiers for FIG
1 ETFs have low correlation with FIG (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.10 | 0.10 | 0.10 | 90 | Leveraged Equities, Semiconductors | FIG vs USD | |
| iShares Expanded Tech Sector ETF | 0.34 | 0.34 | 0.34 | 79 | Technology Equities | FIG vs IGM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIG and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.07 | -0.07 | -0.07 | 72 | Healthcare | |
| Advanced Micro Devices, Inc. | 0.02 | 0.02 | 0.02 | 98 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.13 | 0.13 | 0.13 | 95 | Technology | |
| UnitedHealth Group Incorporated | 0.14 | 0.14 | 0.14 | 61 | Healthcare | |
| Tesla, Inc. | 0.14 | 0.14 | 0.14 | 55 | Consumer Cyclical |
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