Looking to diversify beyond FSZ? The ETFs below have the lowest correlation with FSZ — 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 FSZ.
Best Diversifiers for FSZ
284 ETFs have low correlation with FSZ (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.55, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.55 | -0.50 | -0.52 | 51 | Currency | FSZ vs UUP | |
| ProShares UltraShort Yen | -0.39 | -0.30 | -0.24 | 72 | Leveraged Currency | FSZ vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.21 | -0.02 | 53 | Oil & Gas | FSZ vs DBE | |
| United States Gasoline Fund LP | -0.32 | -0.18 | -0.01 | 78 | Oil & Gas | FSZ vs UGA | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 60 | Inverse Equities | FSZ vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSZ and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.16 | 0.19 | 0.21 | 97 | Healthcare | |
| Berkshire Hathaway Inc. | 0.19 | 0.27 | 0.35 | 53 | Financial Services |
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