Looking to diversify beyond FRDM? The ETFs below have the lowest correlation with FRDM — 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 FRDM.
Best Diversifiers for FRDM
373 ETFs have low correlation with FRDM (below 0.3), 83 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.35 | -0.05 | 0.10 | 66 | Oil & Gas | FRDM vs USO | |
| Invesco DB Energy Fund | -0.35 | -0.04 | 0.10 | 71 | Oil & Gas | FRDM vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.03 | 0.10 | 65 | Oil & Gas | FRDM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | FRDM vs USOY | |
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.20 | 63 | Leveraged Currency | FRDM vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRDM and solid risk/return profiles. The least correlated is Fortis Inc (FTS) (Utilities) with a 1Y correlation of -0.12, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc | -0.12 | 0.16 | 0.22 | 75 | Utilities | |
| MSCI Inc. | 0.10 | 0.24 | 0.38 | 54 | Financial Services | |
| Medical Properties Trust, Inc | 0.11 | 0.24 | 0.28 | 56 | Real Estate | |
| Sun Life Financial Inc. | 0.28 | 0.41 | 0.51 | 62 | Financial Services | |
| Macy's, Inc. | 0.28 | 0.33 | 0.37 | 86 | Consumer Cyclical |
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