Looking to diversify beyond FNDX? The ETFs below have historically moved differently from FNDX, 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 FNDX
331 ETFs have low correlation with FNDX (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.33 | — | 51 | Cryptocurrency | FNDX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | FNDX vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.03 | 0.16 | 66 | Oil & Gas | FNDX vs DBE | |
| Invesco DB Oil Fund | -0.19 | -0.01 | 0.15 | 51 | Oil & Gas | FNDX vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.16 | -0.13 | -0.04 | 51 | Nontraditional Bonds | FNDX vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.18 | 0.29 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | 0.00 | 0.24 | 0.37 | 68 | Energy | |
| Philip Morris International Inc. | 0.02 | 0.19 | 0.30 | 64 | Consumer Defensive | |
| Duke Energy Corporation | 0.03 | 0.18 | 0.27 | 52 | Utilities | |
| Exxon Mobil Corporation | 0.04 | 0.27 | 0.40 | 85 | Energy |
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