Looking to diversify beyond FOVL? The ETFs below have the lowest correlation with FOVL — 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 FOVL.
Best Diversifiers for FOVL
2060 ETFs have low correlation with FOVL (below 0.3), 317 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | -0.24 | — | — | 96 | Municipal Bonds | FOVL vs GUMI | |
| American Century Diversified Municipal Bond ETF | -0.21 | 0.07 | 0.04 | 84 | Municipal Bonds | FOVL vs TAXF | |
| iShares Short Duration High Yield Muni Active ETF | -0.20 | 0.11 | 0.10 | 74 | High Yield Muni | FOVL vs SHYM | |
| Nuveen High Yield Municipal Income ETF | -0.20 | — | — | 87 | High Yield Muni | FOVL vs NHYM | |
| Vanguard Short Duration Tax-Exempt Bond ETF | -0.19 | — | — | 84 | Municipal Bonds | FOVL vs VSDM |
See all 2061 diversifiers for FOVL
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Diversification Analysis
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