Looking to balance out your exposure to FRO? The ETFs below have the lowest correlation with FRO — they tend to move on their own, which can help reduce risk when FRO drops. The stock ideas table highlights individual companies that behave independently from FRO.
Best Diversifiers for FRO
25 ETFs have low correlation with FRO (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Floating Rate Loan ETF (BRLN) (Bank Loan) with a 1Y correlation of -0.14, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Floating Rate Loan ETF | -0.14 | -0.01 | — | 52 | Bank Loan | FRO vs BRLN | |
| Vanguard S&P 500 ETF | 0.05 | 0.13 | 0.20 | 70 | S&P 500 | FRO vs VOO | |
| United States Gasoline Fund LP | 0.05 | 0.18 | 0.22 | 69 | Oil & Gas | FRO vs UGA | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.14 | 0.20 | 70 | S&P 500 | FRO vs SPY | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.06 | 0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FRO vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRO and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.06 | 0.11 | 0.21 | 85 | Energy | |
| Amazon.com, Inc | -0.05 | 0.06 | 0.10 | 60 | Consumer Cyclical | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.05 | 0.03 | 0.08 | 88 | Financial Services | |
| REV Group, Inc. | -0.04 | 0.10 | 0.15 | 89 | Industrials | |
| Rambus Inc. | -0.03 | 0.10 | 0.12 | 90 | Technology |
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Build a portfolio that complements FRO
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