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
174 ETFs have low correlation with FWRG (below 0.3), 11 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.15, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.15 | -0.03 | — | 66 | Oil & Gas | FWRG vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.12 | -0.01 | — | 54 | Leveraged Commodities | FWRG vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.01 | — | 76 | Commodities | FWRG vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | -0.01 | — | 76 | Commodities | FWRG vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | 0.01 | 0.04 | 100 | Government Bonds, Ultrashort Bond | FWRG vs USFR |
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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 The Southern Company (SO) (Utilities) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | -0.07 | -0.05 | -0.00 | 52 | Utilities | |
| Duke Energy Corporation | -0.05 | -0.02 | 0.02 | 57 | Utilities | |
| Verizon Communications Inc. | -0.04 | 0.00 | 0.02 | 56 | Communication Services | |
| Lockheed Martin Corporation | -0.04 | 0.01 | 0.00 | 51 | Industrials | |
| Altria Group, Inc. | -0.03 | 0.01 | 0.04 | 73 | Consumer Defensive |
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Build a portfolio that complements FWRG
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