Looking to diversify beyond FVD? The ETFs below have historically moved differently from FVD, 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 FVD
1264 ETFs have low correlation with FVD (below 0.3), 120 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.13 | 56 | Leveraged Currency | FVD vs YCS | |
| Invesco DB Energy Fund | -0.22 | -0.12 | 0.04 | 72 | Oil & Gas | FVD vs DBE | |
| United States Gasoline Fund, LP | -0.22 | -0.10 | 0.04 | 87 | Oil & Gas | FVD vs UGA | |
| United States Brent Oil Fund LP | -0.21 | -0.10 | 0.03 | 52 | Oil & Gas | FVD vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.10 | 0.04 | 58 | Oil & Gas | FVD vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FVD, 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 Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.05, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.05 | 0.33 | 0.48 | 93 | Technology | |
| The Williams Companies, Inc. | 0.16 | 0.31 | 0.41 | 74 | Energy | |
| Capital Southwest Corporation | 0.28 | 0.38 | 0.43 | 68 | Financial Services | |
| Altria Group, Inc. | 0.29 | 0.38 | 0.44 | 66 | Consumer Defensive | |
| Ventas, Inc. | 0.35 | 0.45 | 0.51 | 91 | Real Estate |
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