Looking to balance out your exposure to FOX? The ETFs below have the lowest correlation with FOX — they tend to move on their own, which can help reduce risk when FOX drops. The stock ideas table highlights individual companies that behave independently from FOX.
Best Diversifiers for FOX
4 ETFs have low correlation with FOX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.03 | 0.13 | 0.29 | 54 | Technology Equities | FOX vs IYW | |
| Vanguard S&P 500 ETF | 0.16 | 0.28 | 0.42 | 66 | S&P 500 | FOX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.28 | 0.42 | 65 | S&P 500 | FOX vs SPY | |
| iShares S&P 500 Value ETF | 0.27 | 0.42 | 0.52 | 80 | Large Cap Value Equities, S&P 500 | FOX vs IVE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOX and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.13 | -0.00 | 0.11 | 77 | Technology | |
| Vertiv Holdings Co. | -0.12 | 0.02 | 0.18 | 92 | Industrials | |
| Altria Group, Inc. | -0.11 | 0.16 | 0.25 | 80 | Consumer Defensive | |
| Amphenol Corporation | -0.11 | 0.09 | 0.26 | 77 | Technology | |
| GE Vernova Inc. | -0.10 | 0.03 | 0.03 | 86 | Industrials |
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