Looking to balance out your exposure to FWRG? The ETFs below have the lowest correlation with FWRG — they tend to move on their own, which can help reduce risk when FWRG drops. The stock ideas table highlights individual companies that behave independently from FWRG.
Best Diversifiers for FWRG
183 ETFs have low correlation with FWRG (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.12, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.01 | — | 60 | Commodities | FWRG vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.11 | -0.01 | — | 61 | Commodities | FWRG vs PDBC | |
| Vanguard Ultra-Short Treasury ETF | -0.07 | — | — | 100 | Ultrashort Bond, Government Bonds | FWRG vs VGUS | |
| Fidelity MSCI Energy Index ETF | -0.03 | 0.11 | 0.13 | 56 | Energy Equities | FWRG vs FENY | |
| Vanguard Energy ETF | -0.03 | 0.11 | 0.13 | 56 | Energy Equities | FWRG vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FWRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FWRG and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.09 | 0.07 | 0.11 | 68 | Energy | |
| Enbridge Inc. | -0.07 | 0.06 | 0.14 | 88 | Energy | |
| Chevron Corporation | -0.05 | 0.07 | 0.09 | 73 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.06 | 0.08 | 77 | Energy | |
| Verizon Communications Inc. | -0.04 | 0.01 | 0.02 | 59 | Communication Services |
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Build a portfolio that complements FWRG
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