Looking to balance out your exposure to FUNC? The ETFs below have the lowest correlation with FUNC — they tend to move on their own, which can help reduce risk when FUNC drops. The stock ideas table highlights individual companies that behave independently from FUNC.
Best Diversifiers for FUNC
1 ETFs have low correlation with FUNC (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.07 | -0.01 | 100 | Ultrashort Bond | FUNC vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUNC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.03 | 0.06 | 0.09 | 74 | Consumer Defensive | |
| Teekay Tankers Ltd. | 0.06 | 0.04 | 0.11 | 89 | Energy | |
| Gilead Sciences, Inc. | 0.09 | 0.11 | 0.12 | 63 | Healthcare | |
| Duke Energy Corporation | 0.10 | 0.08 | 0.10 | 64 | Utilities | |
| Millicom International Cellular S.A. | 0.10 | 0.10 | 0.14 | 98 | Communication Services |
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