Looking to diversify beyond FRNW? The ETFs below have historically moved differently from FRNW, 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 FRNW
513 ETFs have low correlation with FRNW (below 0.3), 67 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 58 | Derivative Income | FRNW vs WNTR | |
| Invesco DB Energy Fund | -0.17 | -0.01 | — | 54 | Oil & Gas | FRNW vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | FRNW vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FRNW vs IBIC | |
| SEI Enhanced Low Volatility US Large Cap ETF | -0.13 | 0.20 | — | 56 | Low Volatility | FRNW vs SELV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRNW, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | 0.03 | 0.06 | 63 | Consumer Defensive | |
| Cencora Inc. | -0.18 | -0.10 | — | 50 | Healthcare | |
| McKesson Corporation | -0.16 | -0.11 | — | 65 | Healthcare | |
| Philip Morris International Inc. | -0.15 | 0.08 | 0.13 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | 0.06 | — | 63 | Communication Services |
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