Looking to diversify beyond FOXY? The ETFs below have the lowest correlation with FOXY — 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 FOXY.
Best Diversifiers for FOXY
2055 ETFs have low correlation with FOXY (below 0.3), 537 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.31 | -0.31 | -0.31 | 99 | Leveraged Equities, Semiconductors | FOXY vs MUU | |
| JPMorgan Ultra-Short Income ETF | -0.17 | -0.15 | -0.15 | 99 | Ultrashort Bond | FOXY vs JPST | |
| Virtus Newfleet ABS/MBS ETF | -0.15 | -0.10 | -0.10 | 80 | Mortgage Backed Securities | FOXY vs VABS | |
| BondBloxx Bloomberg Six Month Target Duration US T... | -0.15 | — | — | 100 | Government Bonds, Ultrashort Bond | FOXY vs XHLF | |
| Invesco Short Term Treasury ETF | -0.14 | — | — | 100 | Ultrashort Bond | FOXY vs TBLL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOXY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.03 | — | — | 92 | Financial Services |
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