Looking to balance out your exposure to FVRR? The ETFs below have the lowest correlation with FVRR — they tend to move on their own, which can help reduce risk when FVRR drops. The stock ideas table highlights individual companies that behave independently from FVRR.
Best Diversifiers for FVRR
3 ETFs have low correlation with FVRR (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.11, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.11 | 0.29 | 0.41 | 94 | Semiconductors, Technology Equities | FVRR vs SMH | |
| Fidelity High Dividend ETF | 0.23 | 0.33 | 0.39 | 64 | Large Cap Blend Equities, Dividend | FVRR vs FDVV | |
| Vanguard Information Technology ETF | 0.27 | 0.37 | 0.48 | 58 | Technology Equities | FVRR vs VGT | |
| Invesco QQQ ETF | 0.31 | 0.40 | 0.50 | 59 | Nasdaq-100 | FVRR vs QQQ | |
| Vanguard S&P 500 ETF | 0.32 | 0.40 | 0.48 | 59 | S&P 500 | FVRR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FVRR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FVRR and solid risk/return profiles. The least correlated is Teradyne, Inc. (TER) (Technology) with a 1Y correlation of 0.03, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | 0.03 | 0.31 | 0.39 | 98 | Technology | |
| Advanced Micro Devices, Inc. | 0.06 | 0.25 | 0.37 | 97 | Technology | |
| Nebius Group N.V. | 0.08 | — | — | 96 | Communication Services | |
| Intellia Therapeutics, Inc. | 0.11 | 0.25 | 0.39 | 64 | Healthcare | |
| Arista Networks, Inc. | 0.18 | 0.26 | 0.34 | 79 | Technology |
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Build a portfolio that complements FVRR
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