Looking to diversify beyond FIXP? The ETFs below have historically moved differently from FIXP, 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 FIXP
463 ETFs have low correlation with FIXP (below 0.3), 94 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | — | — | 72 | Oil & Gas | FIXP vs DBE | |
| United States Oil Fund LP | -0.30 | — | — | 55 | Oil & Gas | FIXP vs USO | |
| Invesco DB Oil Fund | -0.28 | — | — | 58 | Oil & Gas | FIXP vs DBO | |
| United States Brent Oil Fund LP | -0.28 | — | — | 52 | Oil & Gas | FIXP vs BNO | |
| United States Gasoline Fund, LP | -0.27 | — | — | 87 | Oil & Gas | FIXP vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIXP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Darling Ingredients Inc. | 0.05 | — | — | 94 | Consumer Defensive | |
| Comfort Systems USA, Inc. | 0.16 | 0.22 | 0.22 | 95 | Industrials | |
| Sandisk Corporation | 0.18 | 0.20 | 0.20 | 100 | Technology | |
| Micron Technology, Inc. | 0.20 | — | — | 99 | Technology | |
| NVIDIA Corporation | 0.20 | — | — | 56 | Technology |
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