Looking to diversify beyond FSMD? The ETFs below have the lowest correlation with FSMD — 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 FSMD.
Best Diversifiers for FSMD
374 ETFs have low correlation with FSMD (below 0.3), 57 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.03 | 0.11 | 66 | Oil & Gas | FSMD vs USO | |
| Invesco DB Energy Fund | -0.28 | -0.04 | 0.12 | 71 | Oil & Gas | FSMD vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.02 | 0.10 | 65 | Oil & Gas | FSMD vs BNO | |
| United States 12 Month Oil Fund LP | -0.25 | -0.00 | 0.13 | 56 | Oil & Gas | FSMD vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | 0.00 | 0.13 | 56 | Oil & Gas | FSMD vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSMD and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.00, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.00 | 0.22 | 0.32 | 76 | Energy | |
| Verizon Communications Inc. | 0.05 | 0.14 | 0.22 | 62 | Communication Services | |
| Kinder Morgan, Inc. | 0.06 | 0.36 | 0.47 | 61 | Energy | |
| Bunge Limited | 0.17 | 0.24 | 0.34 | 89 | Consumer Defensive | |
| Eli Lilly and Company | 0.18 | 0.20 | 0.23 | 72 | Healthcare |
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