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
20 ETFs have low correlation with FRO (below 0.3), 0 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 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | 0.00 | 0.15 | 0.22 | 78 | Oil & Gas | FRO vs UGA | |
| VanEck Commodity Strategy ETF | 0.04 | 0.21 | — | 72 | Commodities | FRO vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.05 | — | — | 70 | Commodities | FRO vs CERY | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | 0.06 | 0.20 | 0.25 | 68 | Commodities | FRO vs SDCI | |
| Harbor Commodity All-Weather Strategy ETF | 0.07 | 0.22 | — | 71 | Commodities | FRO vs HGER |
To view more results, upgrade your current subscription plan.
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 Ackermans & Van Haaren NV ADR (AVHNY) (Industrials) with a 1Y correlation of -0.08, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ackermans & Van Haaren NV ADR | -0.08 | -0.04 | -0.04 | 95 | Industrials | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.05 | 0.01 | 0.07 | 88 | Financial Services | |
| Saipem SpA ADR | -0.04 | 0.02 | 0.00 | 81 | Energy | |
| Snowflake Inc. | -0.03 | 0.02 | 0.09 | 60 | Technology | |
| Oxford Lane Capital Corp. | -0.03 | 0.02 | 0.01 | 96 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FRO
Add FRO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FRO