Looking to diversify beyond FSYD? The ETFs below have the lowest correlation with FSYD — 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 FSYD.
Best Diversifiers for FSYD
233 ETFs have low correlation with FSYD (below 0.3), 76 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.36 | -0.10 | — | 66 | Oil & Gas | FSYD vs USO | |
| Invesco DB Energy Fund | -0.36 | -0.10 | — | 71 | Oil & Gas | FSYD vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.10 | — | 65 | Oil & Gas | FSYD vs BNO | |
| United States Gasoline Fund LP | -0.34 | -0.09 | — | 69 | Oil & Gas | FSYD vs UGA | |
| Invesco DB Oil Fund | -0.33 | -0.08 | — | 65 | Oil & Gas | FSYD vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSYD and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.08 | 0.10 | 0.12 | 55 | Consumer Defensive | |
| Tesla, Inc. | 0.38 | 0.40 | — | 55 | Consumer Cyclical | |
| Annaly Capital Management, Inc. | 0.43 | 0.58 | 0.60 | 76 | Real Estate | |
| BlackRock Science and Technology Trust | 0.51 | 0.53 | — | 88 | Financial Services |
Build a portfolio that complements FSYD
Add FSYD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSYD