Looking to diversify beyond FMHI? The ETFs below have historically moved differently from FMHI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FMHI
1217 ETFs have low correlation with FMHI (below 0.3), 114 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.35 | -0.15 | -0.09 | 58 | Oil & Gas | FMHI vs DBO | |
| Invesco DB Energy Fund | -0.35 | -0.16 | -0.10 | 72 | Oil & Gas | FMHI vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.14 | -0.09 | 52 | Oil & Gas | FMHI vs BNO | |
| United States Oil Fund LP | -0.32 | -0.15 | -0.10 | 55 | Oil & Gas | FMHI vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.32 | -0.12 | -0.07 | 71 | Commodities | FMHI vs DBC |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FMHI
Add FMHI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMHI