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
1848 ETFs have low correlation with FOVL (below 0.3), 256 of which are negatively correlated. The least correlated is iShares Short Duration High Yield Muni Active ETF (SHYM) (High Yield Muni) with a 1Y correlation of -0.21, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short Duration High Yield Muni Active ETF | -0.21 | 0.10 | 0.09 | 51 | High Yield Muni | FOVL vs SHYM | |
| Build Bond Innovation ETF | -0.20 | 0.16 | — | 61 | Intermediate Core Bond | FOVL vs BFIX | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.18 | -0.11 | -0.11 | 93 | Municipal Bonds | FOVL vs GUMI | |
| American Century Diversified Municipal Bond ETF | -0.17 | 0.05 | 0.03 | 76 | Municipal Bonds | FOVL vs TAXF | |
| Invesco BulletShares 2033 Municipal Bond ETF | -0.17 | -0.00 | -0.00 | 59 | Municipal Bonds | FOVL vs BSSX |
See all 2106 diversifiers for FOVL
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