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
8 ETFs have low correlation with FOXA (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.06 | -0.02 | 100 | Ultrashort Bond | FOXA vs SGOV | |
| Franklin FTSE Taiwan ETF | 0.07 | 0.14 | 0.25 | 96 | Asia Pacific Equities | FOXA vs FLTW | |
| iShares U.S. Technology ETF | 0.12 | 0.16 | 0.30 | 75 | Technology Equities | FOXA vs IYW | |
| ProShares UltraPro QQQ | 0.16 | 0.20 | 0.33 | 71 | Leveraged Equities | FOXA vs TQQQ | |
| Invesco QQQ ETF | 0.16 | 0.19 | 0.33 | 73 | Nasdaq-100 | FOXA vs QQQ |
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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 -0.11, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.17 | 0.26 | 69 | Consumer Defensive | |
| Teekay Tankers Ltd. | -0.05 | 0.03 | 0.13 | 82 | Energy | |
| Eli Lilly and Company | -0.04 | 0.02 | 0.06 | 72 | Healthcare | |
| Millicom International Cellular S.A. | -0.02 | 0.11 | 0.23 | 97 | Communication Services | |
| Broadcom Inc. | -0.01 | 0.05 | 0.17 | 84 | Technology |
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Build a portfolio that complements FOXA
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