Looking to diversify beyond FIW? The ETFs below have the lowest correlation with FIW — 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 FIW.
Best Diversifiers for FIW
379 ETFs have low correlation with FIW (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.08 | 0.05 | 71 | Oil & Gas | FIW vs DBE | |
| United States 12 Month Oil Fund LP | -0.31 | -0.06 | 0.06 | 56 | Oil & Gas | FIW vs USL | |
| United States Oil Fund LP | -0.31 | -0.08 | 0.05 | 66 | Oil & Gas | FIW vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.05 | 0.06 | 56 | Oil & Gas | FIW vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.05 | 0.07 | 56 | Leveraged Commodities | FIW vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIW and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.14 | 0.22 | 0.39 | 82 | Technology | |
| Liberty Oilfield Services Inc. | 0.17 | 0.30 | 0.31 | 92 | Energy | |
| Select Energy Services, Inc. | 0.23 | 0.33 | 0.30 | 93 | Energy | |
| Advanced Micro Devices, Inc. | 0.30 | 0.33 | 0.42 | 98 | Technology | |
| Amazon.com, Inc | 0.31 | 0.34 | 0.45 | 63 | Consumer Cyclical |
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