Looking to diversify beyond FSMB? The ETFs below have historically moved differently from FSMB, 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 FSMB
2022 ETFs have low correlation with FSMB (below 0.3), 121 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.25, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.13 | -0.07 | 55 | Oil & Gas | FSMB vs USO | |
| Invesco DB Oil Fund | -0.24 | -0.13 | -0.06 | 58 | Oil & Gas | FSMB vs DBO | |
| Invesco DB Energy Fund | -0.24 | -0.13 | -0.07 | 72 | Oil & Gas | FSMB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.11 | -0.04 | 67 | Commodities | FSMB vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.22 | — | — | 63 | Commodities | FSMB vs DCMT |
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