Looking to diversify beyond FNDX? The ETFs below have the lowest correlation with FNDX — 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 FNDX.
Best Diversifiers for FNDX
381 ETFs have low correlation with FNDX (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | 0.00 | 0.18 | 71 | Oil & Gas | FNDX vs DBE | |
| United States Oil Fund LP | -0.21 | 0.01 | 0.17 | 66 | Oil & Gas | FNDX vs USO | |
| United States Brent Oil Fund LP | -0.19 | 0.02 | 0.16 | 65 | Oil & Gas | FNDX vs BNO | |
| Invesco DB Oil Fund | -0.18 | 0.02 | 0.18 | 65 | Oil & Gas | FNDX vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | 0.04 | 0.19 | 56 | Oil & Gas | FNDX vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.20 | 0.29 | 67 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.09 | 0.23 | 0.27 | 88 | Energy | |
| Duke Energy Corporation | 0.09 | 0.20 | 0.25 | 52 | Utilities | |
| BP p.l.c. | 0.10 | 0.27 | 0.39 | 87 | Energy | |
| The Coca-Cola Company | 0.10 | 0.24 | 0.34 | 63 | Consumer Defensive |
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