Looking to balance out your exposure to FWONK? The ETFs below have the lowest correlation with FWONK — they tend to move on their own, which can help reduce risk when FWONK drops. The stock ideas table highlights individual companies that behave independently from FWONK.
Best Diversifiers for FWONK
8 ETFs have low correlation with FWONK (below 0.3), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.10, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.10 | -0.06 | 0.04 | 66 | Oil & Gas | FWONK vs USO | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.21 | 0.34 | 85 | Dividend | FWONK vs SCHD | |
| Invesco NASDAQ 100 ETF | 0.18 | 0.31 | 0.41 | 75 | Nasdaq-100 | FWONK vs QQQM | |
| Invesco QQQ ETF | 0.18 | 0.31 | 0.41 | 74 | Nasdaq-100 | FWONK vs QQQ | |
| iShares Core MSCI Emerging Markets ETF | 0.21 | 0.25 | 0.35 | 77 | Emerging Markets Diversified | FWONK vs IEMG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FWONK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FWONK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.03 | 0.05 | 0.15 | 62 | Consumer Defensive | |
| Chevron Corporation | -0.03 | 0.02 | 0.12 | 84 | Energy | |
| Credo Technology Group Holding Ltd | -0.02 | 0.15 | 0.19 | 85 | Technology | |
| AppLovin Corporation | 0.01 | 0.18 | 0.28 | 57 | Technology | |
| Elbit Systems Ltd | 0.02 | 0.06 | 0.13 | 88 | Industrials |
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