Looking to diversify beyond FMIL? The ETFs below have the lowest correlation with FMIL — 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 FMIL.
Best Diversifiers for FMIL
380 ETFs have low correlation with FMIL (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.04 | 0.17 | 71 | Oil & Gas | FMIL vs DBE | |
| United States Oil Fund LP | -0.29 | -0.03 | 0.16 | 66 | Oil & Gas | FMIL vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.28 | — | — | 98 | Inflation-Protected Bonds | FMIL vs RBIL | |
| United States Brent Oil Fund LP | -0.28 | -0.03 | 0.16 | 65 | Oil & Gas | FMIL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | FMIL vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMIL and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.16, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.16 | 0.31 | 0.29 | 72 | Healthcare | |
| Commercial Metals Company | 0.51 | 0.50 | 0.57 | 79 | Basic Materials |
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