Looking to diversify beyond FXD? The ETFs below have historically moved differently from FXD, 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 FXD
369 ETFs have low correlation with FXD (below 0.3), 85 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.14 | 0.04 | 72 | Oil & Gas | FXD vs DBE | |
| United States Oil Fund LP | -0.35 | -0.12 | 0.03 | 55 | Oil & Gas | FXD vs USO | |
| United States Brent Oil Fund LP | -0.35 | -0.12 | 0.03 | 52 | Oil & Gas | FXD vs BNO | |
| United States Gasoline Fund, LP | -0.34 | -0.12 | 0.03 | 87 | Oil & Gas | FXD vs UGA | |
| Invesco DB Oil Fund | -0.33 | -0.11 | 0.04 | 58 | Oil & Gas | FXD vs DBO |
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