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
919 ETFs have low correlation with FREL (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.25 | -0.18 | 63 | Leveraged Currency | FREL vs YCS | |
| United States Gasoline Fund LP | -0.15 | -0.07 | 0.03 | 55 | Oil & Gas | FREL vs UGA | |
| Fidelity Managed Futures ETF | -0.11 | — | — | 64 | Systematic Trend | FREL vs FFUT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | FREL vs RBIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.08 | -0.00 | -0.02 | 78 | Commodities | FREL vs ISCMF |
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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 -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.04 | 0.20 | 72 | Technology | |
| Micron Technology, Inc. | -0.04 | 0.09 | 0.21 | 99 | Technology | |
| Broadcom Inc. | -0.04 | 0.10 | 0.26 | 72 | Technology | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.09 | 0.20 | 65 | Technology | |
| Nebius Group N.V. | -0.02 | 0.05 | 0.05 | 96 | Communication Services |
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