Looking to diversify beyond FRNW? The ETFs below have the lowest correlation with FRNW — 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 FRNW.
Best Diversifiers for FRNW
380 ETFs have low correlation with FRNW (below 0.3), 46 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | FRNW vs IBIC | |
| ProShares UltraShort Yen | -0.18 | -0.19 | — | 63 | Leveraged Currency | FRNW vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | FRNW vs RBIL | |
| First Trust Merger Arbitrage ETF | -0.14 | 0.08 | — | 59 | Long-Short | FRNW vs MARB | |
| United States Gasoline Fund LP | -0.14 | 0.00 | — | 55 | Oil & Gas | FRNW vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRNW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRNW and solid risk/return profiles. The least correlated is Alkermes plc (ALKS) (Healthcare) with a 1Y correlation of 0.19, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alkermes plc | 0.19 | 0.22 | — | 82 | Healthcare | |
| Definium Therapeutics, Inc | 0.22 | 0.32 | — | 99 | Healthcare | |
| COMPASS Pathways plc | 0.26 | 0.31 | — | 97 | Healthcare | |
| Rocket Lab USA, Inc. | 0.45 | 0.44 | 0.48 | 87 | Industrials | |
| Micron Technology, Inc. | 0.46 | 0.41 | — | 99 | Technology |
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