Looking to diversify beyond FIXD? The ETFs below have the lowest correlation with FIXD — 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 FIXD.
Best Diversifiers for FIXD
513 ETFs have low correlation with FIXD (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.47 | -0.51 | 63 | Leveraged Currency | FIXD vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.20 | -0.14 | 55 | Oil & Gas | FIXD vs UGA | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 64 | Systematic Trend | FIXD vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.11 | -0.11 | 57 | Commodities | FIXD vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.12 | -0.09 | 75 | Commodities | FIXD vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIXD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIXD and solid risk/return profiles. The least correlated is AAON, Inc. (AAON) (Industrials) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AAON, Inc. | 0.26 | 0.11 | 0.13 | 79 | Industrials |
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