Looking to diversify beyond FIVA? The ETFs below have historically moved differently from FIVA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FIVA
329 ETFs have low correlation with FIVA (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | — | 61 | Cryptocurrency | FIVA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FIVA vs SBIT | |
| ProShares UltraShort Yen | -0.36 | -0.28 | -0.23 | 56 | Leveraged Currency | FIVA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | FIVA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 61 | Inverse Equities, Leveraged Equities | FIVA vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIVA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.17 | 0.03 | 0.13 | 59 | Utilities | |
| Altria Group, Inc. | -0.15 | 0.07 | 0.18 | 66 | Consumer Defensive | |
| McKesson Corporation | -0.07 | 0.01 | 0.15 | 67 | Healthcare | |
| Philip Morris International Inc. | -0.01 | 0.18 | 0.29 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.00 | 0.14 | 0.21 | 66 | Communication Services |
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