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
53 ETFs have low correlation with FIX (below 0.3), 7 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 | -0.08 | -0.00 | 100 | Ultrashort Bond | FIX vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FIX vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.07 | -0.00 | 100 | Government Bonds, Ultrashort Bond | FIX vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | -0.00 | 0.07 | 83 | Inflation-Protected Bonds | FIX vs VTIP | |
| Invesco BulletShares 2027 Municipal Bond ETF | -0.02 | 0.07 | 0.05 | 94 | Municipal Bonds | FIX vs BSMR |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.19 | -0.12 | 0.06 | 74 | Consumer Defensive | |
| Chubb Limited | -0.18 | -0.01 | 0.19 | 69 | Financial Services | |
| PepsiCo, Inc. | -0.18 | -0.09 | 0.06 | 61 | Consumer Defensive | |
| Altria Group, Inc. | -0.17 | -0.08 | 0.08 | 72 | Consumer Defensive | |
| Murphy USA Inc. | -0.14 | 0.08 | 0.20 | 66 | Consumer Cyclical |
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Build a portfolio that complements FIX
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