Looking to balance out your exposure to FUND? The ETFs below have the lowest correlation with FUND — they tend to move on their own, which can help reduce risk when FUND drops. The stock ideas table highlights individual companies that behave independently from FUND.
Best Diversifiers for FUND
3 ETFs have low correlation with FUND (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.08 | -0.05 | 100 | Government Bonds, Ultrashort Bond | FUND vs BIL | |
| iShares 1-3 Year Treasury Bond ETF | 0.17 | 0.10 | 0.11 | 79 | Government Bonds, Short-Term Bond | FUND vs SHY | |
| State Street Energy Select Sector SPDR ETF | 0.19 | 0.42 | 0.47 | 70 | Energy Equities | FUND vs XLE | |
| iMGP DBi Managed Futures Strategy ETF | 0.33 | 0.23 | 0.10 | 83 | Systematic Trend | FUND vs DBMF | |
| Invesco S&P 500 Momentum ETF | 0.46 | 0.48 | 0.56 | 75 | Momentum, S&P 500 | FUND vs SPMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUND and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.41 | 0.42 | 0.46 | 66 | Financial Services |
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