Looking to diversify beyond FMAT? The ETFs below have the lowest correlation with FMAT — 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 FMAT.
Best Diversifiers for FMAT
363 ETFs have low correlation with FMAT (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.15 | 71 | Oil & Gas | FMAT vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.00 | 0.13 | 65 | Oil & Gas | FMAT vs BNO | |
| United States Oil Fund LP | -0.25 | 0.00 | 0.14 | 66 | Oil & Gas | FMAT vs USO | |
| United States Gasoline Fund LP | -0.24 | -0.01 | 0.12 | 69 | Oil & Gas | FMAT vs UGA | |
| ProShares UltraShort Yen | -0.23 | -0.12 | -0.09 | 61 | Leveraged Currency | FMAT vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMAT and solid risk/return profiles. The least correlated is Lindblad Expeditions Holdings, Inc. (LIND) (Consumer Cyclical) with a 1Y correlation of 0.48, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lindblad Expeditions Holdings, Inc. | 0.48 | 0.40 | 0.44 | 86 | Consumer Cyclical |
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