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
442 ETFs have low correlation with FIXP (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.19 | -0.19 | 71 | Oil & Gas | FIXP vs DBE | |
| United States Oil Fund LP | -0.32 | -0.18 | -0.18 | 66 | Oil & Gas | FIXP vs USO | |
| Invesco DB Oil Fund | -0.30 | -0.15 | -0.15 | 65 | Oil & Gas | FIXP vs DBO | |
| United States Brent Oil Fund LP | -0.30 | -0.16 | -0.16 | 65 | Oil & Gas | FIXP vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.14 | -0.14 | 55 | Oil & Gas | FIXP vs OILK |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.15 | — | — | 78 | Technology | |
| Comfort Systems USA, Inc. | 0.15 | — | — | 98 | Industrials | |
| Kinross Gold Corporation | 0.19 | — | — | 79 | Basic Materials | |
| Sandisk Corp | 0.19 | — | — | 100 | Technology | |
| Hecla Mining Company | 0.19 | — | — | 87 | Basic Materials |
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