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
454 ETFs have low correlation with FRNW (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | 0.00 | — | 71 | Oil & Gas | FRNW vs DBE | |
| United States Oil Fund LP | -0.21 | -0.01 | — | 66 | Oil & Gas | FRNW vs USO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | FRNW vs IBIC | |
| United States Brent Oil Fund LP | -0.19 | 0.01 | — | 65 | Oil & Gas | FRNW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | FRNW vs USOY |
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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 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alkermes plc | 0.19 | 0.22 | 0.26 | 65 | Healthcare | |
| Definium Therapeutics, Inc | 0.23 | 0.33 | — | 94 | Healthcare | |
| COMPASS Pathways plc | 0.24 | 0.30 | — | 87 | Healthcare | |
| Rocket Lab USA, Inc. | 0.44 | 0.44 | 0.48 | 94 | Industrials | |
| Micron Technology, Inc. | 0.46 | 0.41 | 0.43 | 99 | Technology |
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