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
262 ETFs have low correlation with FSZ (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.31 | -0.24 | 63 | Leveraged Currency | FSZ vs YCS | |
| United States Gasoline Fund LP | -0.33 | -0.16 | -0.01 | 55 | Oil & Gas | FSZ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | FSZ vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | FSZ vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | FSZ vs USFR |
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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 0.17, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.17 | 0.19 | 0.21 | 96 | Healthcare |
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