Looking to balance out your exposure to FOXA? The ETFs below have the lowest correlation with FOXA — they tend to move on their own, which can help reduce risk when FOXA drops. The stock ideas table highlights individual companies that behave independently from FOXA.
Best Diversifiers for FOXA
11 ETFs have low correlation with FOXA (below 0.3), 2 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.01, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.01 | 0.10 | 0.26 | 93 | Semiconductors, Technology Equities | FOXA vs SMH | |
| iShares 0-3 Month Treasury Bond ETF | -0.00 | -0.05 | -0.02 | 100 | Ultrashort Bond | FOXA vs SGOV | |
| Franklin FTSE Taiwan ETF | 0.01 | 0.11 | 0.23 | 94 | Taiwan Equities, Asia Pacific Equities | FOXA vs FLTW | |
| iShares U.S. Technology ETF | 0.07 | 0.15 | 0.30 | 63 | Technology Equities | FOXA vs IYW | |
| Invesco QQQ ETF | 0.09 | 0.18 | 0.32 | 61 | Nasdaq-100 | FOXA vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOXA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOXA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.15 | 0.24 | 78 | Consumer Defensive | |
| Amphenol Corporation | -0.10 | 0.09 | 0.25 | 80 | Technology | |
| Western Digital Corporation | -0.07 | 0.04 | 0.24 | 99 | Technology | |
| Broadcom Inc. | -0.04 | 0.04 | 0.18 | 72 | Technology | |
| Teekay Tankers Ltd. | -0.03 | 0.03 | 0.12 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FOXA
Add FOXA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FOXA