Looking to diversify beyond FIXP? The ETFs below have the lowest correlation with FIXP — 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 FIXP.
Best Diversifiers for FIXP
380 ETFs have low correlation with FIXP (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.11 | -0.11 | 63 | Leveraged Currency | FIXP vs YCS | |
| United States Gasoline Fund LP | -0.27 | — | — | 55 | Oil & Gas | FIXP vs UGA | |
| VanEck Commodity Strategy ETF | -0.20 | -0.13 | -0.13 | 57 | Commodities | FIXP vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.19 | -0.11 | -0.11 | 50 | Commodities | FIXP vs CMDT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | FIXP vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIXP and solid risk/return profiles. The least correlated is Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | 0.15 | 0.24 | 0.24 | 98 | Industrials | |
| NVIDIA Corporation | 0.16 | 0.22 | 0.22 | 72 | Technology | |
| Sandisk Corporation | 0.17 | 0.20 | 0.20 | 100 | Technology | |
| Micron Technology, Inc. | 0.18 | 0.23 | 0.23 | 99 | Technology | |
| Hecla Mining Company | 0.22 | 0.18 | 0.18 | 84 | Basic Materials |
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Build a portfolio that complements FIXP
Add FIXP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIXP