Looking to diversify beyond FIVA? The ETFs below have the lowest correlation with FIVA — 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 FIVA.
Best Diversifiers for FIVA
307 ETFs have low correlation with FIVA (below 0.3), 53 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.55, roughly unchanged from -0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.55 | -0.53 | -0.57 | 51 | Currency | FIVA vs UUP | |
| ProShares UltraShort Yen | -0.39 | -0.28 | -0.22 | 72 | Leveraged Currency | FIVA vs YCS | |
| ProShares Short Bitcoin ETF | -0.35 | -0.28 | -0.32 | 57 | Cryptocurrency | FIVA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FIVA vs SBIT | |
| Invesco DB Energy Fund | -0.32 | -0.06 | 0.12 | 53 | Oil & Gas | FIVA vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIVA and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.13 | 0.05 | 0.13 | 70 | Utilities | |
| Altria Group, Inc. | -0.10 | 0.08 | 0.20 | 81 | Consumer Defensive | |
| McKesson Corporation | -0.01 | 0.02 | 0.17 | 60 | Healthcare | |
| Fortis Inc | 0.03 | 0.27 | 0.33 | 90 | Utilities | |
| Verizon Communications Inc. | 0.04 | 0.14 | 0.21 | 57 | Communication Services |
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