Looking to diversify beyond FAN? The ETFs below have the lowest correlation with FAN — 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 FAN.
Best Diversifiers for FAN
444 ETFs have low correlation with FAN (below 0.3), 49 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.31 | -0.31 | 53 | Inverse Equities | FAN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | FAN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | -0.29 | -0.29 | 65 | Derivative Income | FAN vs WNTR | |
| ProShares UltraShort Yen | -0.22 | -0.25 | -0.21 | 75 | Leveraged Currency | FAN vs YCS | |
| United States Gasoline Fund LP | -0.16 | -0.02 | 0.07 | 72 | Oil & Gas | FAN vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAN and solid risk/return profiles. The least correlated is NiSource Inc. (NI) (Utilities) with a 1Y correlation of 0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NiSource Inc. | 0.17 | 0.27 | 0.30 | 78 | Utilities | |
| Astronics Corporation | 0.36 | 0.35 | 0.35 | 97 | Industrials |
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