Looking to balance out your exposure to FIX? The ETFs below have the lowest correlation with FIX — they tend to move on their own, which can help reduce risk when FIX drops. The stock ideas table highlights individual companies that behave independently from FIX.
Best Diversifiers for FIX
71 ETFs have low correlation with FIX (below 0.3), 16 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.07 | 0.00 | 100 | Ultrashort Bond | FIX vs SGOV | |
| United States Oil Fund LP | -0.11 | -0.00 | 0.07 | 66 | Oil & Gas | FIX vs USO | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.08 | 0.04 | 0.04 | 58 | Leveraged Equities | FIX vs NRGU | |
| State Street Energy Select Sector SPDR ETF | -0.05 | 0.12 | 0.23 | 63 | Energy Equities | FIX vs XLE | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.02 | 0.07 | 93 | Inflation-Protected Bonds | FIX vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIX and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.16, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.16 | -0.01 | 0.20 | 51 | Financial Services | |
| PepsiCo, Inc. | -0.15 | -0.09 | 0.06 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.15 | -0.10 | 0.08 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | -0.07 | 0.04 | 59 | Communication Services | |
| Duke Energy Corporation | -0.13 | -0.06 | 0.06 | 53 | Utilities |
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Build a portfolio that complements FIX
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