Looking to diversify beyond FOVL? The ETFs below have historically moved differently from FOVL, 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 FOVL
2121 ETFs have low correlation with FOVL (below 0.3), 483 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Dynamic California Municipal Income ... | -0.18 | — | — | 73 | Municipal Bonds | FOVL vs GCAL | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | -0.16 | 0.09 | 0.12 | 81 | Inflation-Protected Bonds | FOVL vs PBTP | |
| Nuveen High Yield Municipal Income ETF | -0.16 | — | — | 77 | High Yield Muni | FOVL vs NHYM | |
| State Street My2026 Municipal Bond ETF | -0.16 | 0.06 | 0.06 | 97 | Municipal Bonds | FOVL vs MYMF | |
| State Street Ultra Short Term Bond ETF | -0.16 | 0.03 | 0.03 | 99 | Ultrashort Bond | FOVL vs ULST |
See all 2121 diversifiers for FOVL
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