Looking to diversify beyond FSOL? The ETFs below have historically moved differently from FSOL, 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 FSOL
919 ETFs have low correlation with FSOL (below 0.3), 81 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.19 | -0.19 | 100 | Government Bonds, Ultrashort Bond | FSOL vs USFR | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | -0.13 | -0.13 | 67 | Commodities | FSOL vs GSG | |
| Invesco DB Oil Fund | -0.11 | -0.11 | -0.11 | 58 | Oil & Gas | FSOL vs DBO | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.11 | -0.11 | -0.11 | 69 | Infrastructure Equities, MLPs | FSOL vs MLPB | |
| Invesco SteelPath MLP & Energy Infrastructure ETF | -0.10 | -0.10 | -0.10 | 86 | Infrastructure Equities, Energy Equities | FSOL vs PIPE |
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