Looking to diversify beyond FSZ? The ETFs below have historically moved differently from FSZ, 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 FSZ
277 ETFs have low correlation with FSZ (below 0.3), 90 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.21 | -0.04 | 66 | Oil & Gas | FSZ vs DBE | |
| ProShares UltraShort Yen | -0.36 | -0.30 | -0.24 | 59 | Leveraged Currency | FSZ vs YCS | |
| Invesco DB Oil Fund | -0.30 | -0.18 | -0.02 | 51 | Oil & Gas | FSZ vs DBO | |
| United States Gasoline Fund, LP | -0.30 | -0.18 | -0.02 | 83 | Oil & Gas | FSZ vs UGA | |
| ProShares Short Bitcoin ETF | -0.30 | -0.23 | -0.23 | 51 | Cryptocurrency | FSZ vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.08 | 0.18 | 0.19 | 96 | Healthcare | |
| Berkshire Hathaway Inc. | 0.14 | 0.27 | 0.35 | 61 | Financial Services |
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