Looking to diversify beyond FMCX? The ETFs below have the lowest correlation with FMCX — 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 FMCX.
Best Diversifiers for FMCX
382 ETFs have low correlation with FMCX (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.10 | — | 71 | Oil & Gas | FMCX vs DBE | |
| United States Oil Fund LP | -0.29 | -0.09 | — | 66 | Oil & Gas | FMCX vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.09 | — | 65 | Oil & Gas | FMCX vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | FMCX vs USOY | |
| United States Gasoline Fund LP | -0.26 | -0.07 | — | 69 | Oil & Gas | FMCX vs UGA |
See all 2106 diversifiers for FMCX
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