Looking to balance out your exposure to FIX? The ETFs below have historically moved differently from FIX, 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 FIX
83 ETFs have low correlation with FIX (below 0.3), 25 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.23, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.23 | -0.09 | -0.02 | 100 | Ultrashort Bond | FIX vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.07 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FIX vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.18 | — | — | 100 | Ultrashort Bond, Government Bonds | FIX vs VGUS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.16 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | FIX vs BIL | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.12 | -0.08 | — | 51 | Nontraditional Bonds | FIX vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIX, 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 Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.27 | -0.10 | 0.03 | 57 | Consumer Defensive | |
| The Coca-Cola Company | -0.27 | -0.14 | 0.04 | 87 | Consumer Defensive | |
| Chubb Limited | -0.26 | -0.05 | 0.15 | 87 | Financial Services | |
| Altria Group, Inc. | -0.25 | -0.11 | 0.04 | 66 | Consumer Defensive | |
| Dropbox, Inc. | -0.24 | 0.09 | 0.23 | 64 | Technology |
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