Looking to balance out your exposure to FINV? The ETFs below have the lowest correlation with FINV — they tend to move on their own, which can help reduce risk when FINV drops. The stock ideas table highlights individual companies that behave independently from FINV.
Best Diversifiers for FINV
6 ETFs have low correlation with FINV (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.01 | -0.01 | 100 | Ultrashort Bond | FINV vs SGOV | |
| Invesco Ultra Short Duration ETF | 0.07 | 0.05 | 0.06 | 100 | Ultrashort Bond | FINV vs GSY | |
| Invesco S&P 500 Momentum ETF | 0.25 | 0.21 | 0.24 | 75 | Momentum, S&P 500 | FINV vs SPMO | |
| Vanguard Information Technology ETF | 0.26 | 0.21 | 0.26 | 76 | Technology Equities | FINV vs VGT | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.25 | 0.27 | 70 | S&P 500 | FINV vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FINV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FINV and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.14 | -0.06 | -0.06 | 53 | Utilities | |
| Walmart Inc. | -0.13 | -0.01 | -0.01 | 63 | Consumer Defensive | |
| Murphy USA Inc. | -0.09 | -0.06 | -0.02 | 62 | Consumer Cyclical | |
| Exxon Mobil Corporation | -0.07 | 0.06 | 0.10 | 85 | Energy | |
| Altria Group, Inc. | -0.04 | -0.01 | 0.02 | 69 | Consumer Defensive |
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Build a portfolio that complements FINV
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