Looking to diversify beyond FNDA? The ETFs below have the lowest correlation with FNDA — 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 FNDA.
Best Diversifiers for FNDA
367 ETFs have low correlation with FNDA (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.03 | 0.14 | 71 | Oil & Gas | FNDA vs DBE | |
| United States Oil Fund LP | -0.26 | -0.02 | 0.14 | 66 | Oil & Gas | FNDA vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.01 | 0.14 | 65 | Oil & Gas | FNDA vs BNO | |
| United States 12 Month Oil Fund LP | -0.24 | 0.01 | 0.16 | 56 | Oil & Gas | FNDA vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | 0.03 | 0.16 | 55 | Oil & Gas | FNDA vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDA and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.08 | 0.15 | 0.22 | 56 | Communication Services | |
| Blackrock Municipal 2030 Target Term Trust | 0.24 | 0.27 | 0.26 | 82 | Financial Services | |
| Pan American Silver Corp. | 0.26 | 0.28 | 0.31 | 83 | Basic Materials | |
| AGNC Investment Corp. | 0.30 | 0.19 | 0.27 | 88 | Real Estate | |
| Amphenol Corporation | 0.32 | 0.49 | 0.61 | 77 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FNDA
Add FNDA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNDA