Looking to balance out your exposure to FIZZ? The ETFs below have the lowest correlation with FIZZ — they tend to move on their own, which can help reduce risk when FIZZ drops. The stock ideas table highlights individual companies that behave independently from FIZZ.
Best Diversifiers for FIZZ
2 ETFs have low correlation with FIZZ (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.15, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.15 | 0.14 | 0.26 | 70 | S&P 500 | FIZZ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.13 | 0.26 | 70 | S&P 500 | FIZZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIZZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIZZ and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.32, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.32 | 0.32 | 0.36 | 79 | Consumer Defensive | |
| The Coca-Cola Company | 0.34 | 0.36 | 0.35 | 66 | Consumer Defensive |
Build a portfolio that complements FIZZ
Add FIZZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIZZ