Looking to diversify beyond FAS? The ETFs below have the lowest correlation with FAS — 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 FAS.
Best Diversifiers for FAS
660 ETFs have low correlation with FAS (below 0.3), 62 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | FAS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | — | — | 60 | Inverse Equities | FAS vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FAS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.24 | -0.26 | -0.29 | 57 | Cryptocurrency | FAS vs BITI | |
| Invesco DB Energy Fund | -0.23 | -0.10 | 0.09 | 53 | Oil & Gas | FAS vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAS and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsubishi UFJ Lease & Finance Co Ltd ADR | 0.04 | — | — | 56 | Financial Services | |
| Broadcom Inc. | 0.05 | 0.20 | 0.36 | 71 | Technology | |
| NVIDIA Corporation | 0.08 | 0.18 | 0.36 | 65 | Technology | |
| Waste Management, Inc. | 0.16 | 0.28 | 0.35 | 53 | Industrials | |
| Realty Income Corporation | 0.17 | 0.32 | 0.39 | 74 | Real Estate |
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