Looking to diversify beyond FAD? The ETFs below have the lowest correlation with FAD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FAD.
Best Diversifiers for FAD
374 ETFs have low correlation with FAD (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, roughly unchanged from -0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.40 | — | 57 | Cryptocurrency | FAD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | FAD vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 60 | Inverse Equities | FAD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | FAD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | FAD vs WNTR |
See all 2038 diversifiers for FAD
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Diversification Analysis
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