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
473 ETFs have low correlation with FMED (below 0.3), 95 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | — | — | 66 | Oil & Gas | FMED vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.14 | -0.14 | 65 | Oil & Gas | FMED vs BNO | |
| Invesco DB Energy Fund | -0.30 | -0.14 | -0.14 | 71 | Oil & Gas | FMED vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.16 | -0.16 | 56 | Derivative Income | FMED vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | — | — | 56 | Oil & Gas | FMED vs OILK |
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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 Alkermes plc (ALKS) (Healthcare) with a 1Y correlation of 0.37, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alkermes plc | 0.37 | 0.38 | 0.38 | 65 | Healthcare | |
| Definium Therapeutics, Inc | 0.37 | — | — | 94 | Healthcare | |
| COMPASS Pathways plc | 0.41 | — | — | 87 | Healthcare |
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