Looking to diversify beyond FREL? The ETFs below have the lowest correlation with FREL — 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 FREL.
Best Diversifiers for FREL
1168 ETFs have low correlation with FREL (below 0.3), 76 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.52, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.52 | -0.52 | -0.52 | 99 | Leveraged Equities, Semiconductors | FREL vs MUU | |
| ProShares UltraShort Yen | -0.37 | -0.26 | -0.19 | 72 | Leveraged Currency | FREL vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.29 | -0.31 | 51 | Currency | FREL vs UUP | |
| Invesco DB Energy Fund | -0.19 | -0.12 | 0.01 | 53 | Oil & Gas | FREL vs DBE | |
| United States Gasoline Fund LP | -0.17 | -0.09 | 0.02 | 78 | Oil & Gas | FREL vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FREL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FREL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | 0.03 | 0.23 | 65 | Technology | |
| Broadcom Inc. | -0.10 | 0.09 | 0.27 | 71 | Technology | |
| Nebius Group N.V. | -0.08 | 0.02 | 0.02 | 96 | Communication Services | |
| Micron Technology, Inc. | -0.07 | 0.07 | 0.21 | 99 | Technology | |
| Marvell Technology, Inc. | -0.06 | 0.11 | 0.28 | 94 | Technology |
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Build a portfolio that complements FREL
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Analyze a portfolio with FREL