Looking to balance out your exposure to FRO? The ETFs below have historically moved differently from FRO, 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 FRO
27 ETFs have low correlation with FRO (below 0.3), 1 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.00 | 0.15 | 0.21 | 83 | Oil & Gas | FRO vs UGA | |
| FolioBeyond Alternative Income and Interest Rate H... | 0.01 | 0.04 | 0.04 | 51 | Nontraditional Bonds | FRO vs RISR | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.01 | 0.21 | 0.27 | 56 | Commodities | FRO vs COMT | |
| Teucrium Soybean Fund | 0.03 | 0.07 | 0.09 | 56 | Agricultural Commodities | FRO vs SOYB | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.04 | — | — | 79 | Commodities | FRO vs CERY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRO, 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 Antero Resources Corporation (AR) (Energy) with a 1Y correlation of -0.05, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Resources Corporation | -0.05 | 0.20 | 0.27 | 50 | Energy | |
| Berkshire Hathaway Inc. | -0.04 | -0.01 | 0.09 | 61 | Financial Services | |
| Murphy USA Inc. | -0.04 | 0.03 | 0.03 | 87 | Consumer Cyclical | |
| CF Industries Holdings, Inc. | -0.03 | 0.13 | 0.21 | 68 | Basic Materials | |
| Visa Inc. | -0.03 | -0.00 | 0.09 | 55 | Financial Services |
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