Looking to diversify beyond FMED? The ETFs below have the lowest correlation with FMED — 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 FMED.
Best Diversifiers for FMED
472 ETFs have low correlation with FMED (below 0.3), 90 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 -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.16 | -0.15 | 53 | Oil & Gas | FMED vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.25 | -0.24 | 51 | Currency | FMED vs UUP | |
| United States Gasoline Fund LP | -0.27 | -0.13 | -0.12 | 78 | Oil & Gas | FMED vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.10 | -0.09 | 51 | Commodities | FMED vs GSG | |
| ProShares Short Bitcoin ETF | -0.25 | -0.24 | -0.23 | 57 | Cryptocurrency | FMED vs BITI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMED, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMED and solid risk/return profiles. The least correlated is Mueller Industries, Inc. (MLI) (Industrials) with a 1Y correlation of 0.28, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mueller Industries, Inc. | 0.28 | 0.41 | 0.41 | 73 | Industrials | |
| Definium Therapeutics, Inc | 0.37 | 0.41 | — | 99 | Healthcare | |
| COMPASS Pathways plc | 0.39 | 0.42 | — | 96 | Healthcare | |
| Alkermes plc | 0.41 | 0.40 | 0.39 | 87 | Healthcare |
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