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
73 ETFs have low correlation with FIX (below 0.3), 19 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.21, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.21 | -0.09 | -0.01 | 100 | Ultrashort Bond | FIX vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FIX vs USFR | |
| Invesco DB US Dollar Index Bullish Fund | -0.17 | -0.11 | -0.16 | 51 | Currency | FIX vs UUP | |
| Vanguard Ultra-Short Treasury ETF | -0.16 | — | — | 100 | Ultrashort Bond, Government Bonds | FIX vs VGUS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.08 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FIX vs BIL |
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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 -0.26, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.26 | -0.05 | 0.16 | 86 | Financial Services | |
| Waste Management, Inc. | -0.25 | -0.00 | 0.15 | 53 | Industrials | |
| The Coca-Cola Company | -0.24 | -0.13 | 0.05 | 83 | Consumer Defensive | |
| PepsiCo, Inc. | -0.23 | -0.12 | 0.04 | 53 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.23 | -0.08 | 0.04 | 53 | Consumer Defensive |
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Build a portfolio that complements FIX
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