Looking to balance out your exposure to FOXA? The ETFs below have historically moved differently from FOXA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FOXA
10 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 -0.04, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.04 | 0.08 | 0.24 | 88 | Semiconductors, Technology Equities | FOXA vs SMH | |
| Franklin FTSE Taiwan ETF | -0.03 | 0.10 | 0.22 | 90 | Taiwan Equities, Asia Pacific Equities | FOXA vs FLTW | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | -0.05 | -0.02 | 100 | Ultrashort Bond | FOXA vs SGOV | |
| iShares U.S. Technology ETF | 0.04 | 0.13 | 0.28 | 61 | Technology Equities | FOXA vs IYW | |
| Invesco QQQ ETF | 0.06 | 0.17 | 0.31 | 58 | Nasdaq-100 | FOXA vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FOXA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amphenol Corporation (APH) (Technology) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | -0.12 | 0.08 | 0.24 | 79 | Technology | |
| Western Digital Corporation | -0.12 | 0.02 | 0.22 | 99 | Technology | |
| Altria Group, Inc. | -0.09 | 0.15 | 0.24 | 66 | Consumer Defensive | |
| Teekay Tankers Ltd. | -0.07 | 0.02 | 0.11 | 93 | Energy | |
| Broadcom Inc. | -0.06 | 0.03 | 0.17 | 68 | Technology |
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