Looking to diversify beyond FREL? The ETFs below have historically moved differently from FREL, 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 FREL
1238 ETFs have low correlation with FREL (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.26 | -0.19 | 56 | Leveraged Currency | FREL vs YCS | |
| Invesco DB Energy Fund | -0.21 | -0.13 | 0.01 | 54 | Oil & Gas | FREL vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.08 | 0.05 | 51 | Commodities | FREL vs GSG | |
| United States Gasoline Fund, LP | -0.17 | -0.10 | 0.02 | 72 | Oil & Gas | FREL vs UGA | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.06 | 0.06 | 59 | Commodities | FREL vs DBC |
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 FREL, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.13, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.13 | 0.07 | 0.25 | 70 | Technology | |
| Nebius Group N.V. | -0.11 | -0.01 | -0.01 | 94 | Communication Services | |
| NVIDIA Corporation | -0.11 | 0.02 | 0.23 | 63 | Technology | |
| Micron Technology, Inc. | -0.09 | 0.06 | 0.21 | 99 | Technology | |
| Western Digital Corporation | -0.09 | 0.12 | 0.27 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FREL
Add FREL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FREL