Looking to diversify beyond FIW? The ETFs below have historically moved differently from FIW, 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 FIW
337 ETFs have low correlation with FIW (below 0.3), 93 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.13 | 0.03 | 72 | Oil & Gas | FIW vs DBE | |
| United States Oil Fund LP | -0.34 | -0.12 | 0.02 | 55 | Oil & Gas | FIW vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.11 | 0.02 | 52 | Oil & Gas | FIW vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.11 | 0.03 | 58 | Oil & Gas | FIW vs DBO | |
| United States Gasoline Fund, LP | -0.33 | -0.11 | 0.03 | 87 | Oil & Gas | FIW vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIW, 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 Liberty Oilfield Services Inc. (LBRT) (Energy) with a 1Y correlation of 0.07, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Liberty Oilfield Services Inc. | 0.07 | 0.26 | 0.30 | 72 | Energy | |
| NVIDIA Corporation | 0.11 | 0.22 | 0.39 | 56 | Technology | |
| Cencora Inc. | 0.15 | 0.14 | 0.23 | 53 | Healthcare | |
| Select Energy Services, Inc. | 0.15 | 0.28 | 0.28 | 92 | Energy | |
| Amazon.com, Inc | 0.26 | 0.31 | 0.43 | 60 | Consumer Cyclical |
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