Looking to diversify beyond FTXL? The ETFs below have the lowest correlation with FTXL — 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 FTXL.
Best Diversifiers for FTXL
470 ETFs have low correlation with FTXL (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.02 | 0.07 | 71 | Oil & Gas | FTXL vs DBE | |
| United States Oil Fund LP | -0.19 | -0.02 | 0.06 | 66 | Oil & Gas | FTXL vs USO | |
| United States Brent Oil Fund LP | -0.17 | -0.01 | 0.06 | 65 | Oil & Gas | FTXL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.17 | — | — | 56 | Derivative Income | FTXL vs USOY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | FTXL vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTXL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.14 | -0.03 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.16 | -0.08 | 52 | Utilities | |
| Verizon Communications Inc. | -0.20 | -0.11 | -0.02 | 62 | Communication Services | |
| The Coca-Cola Company | -0.14 | -0.11 | 0.04 | 63 | Consumer Defensive | |
| Johnson & Johnson | -0.10 | -0.08 | 0.01 | 92 | Healthcare |
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