Looking to diversify beyond FCA? The ETFs below have the lowest correlation with FCA — 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 FCA.
Best Diversifiers for FCA
1064 ETFs have low correlation with FCA (below 0.3), 53 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.20, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.20 | -0.23 | -0.26 | 51 | Currency | FCA vs UUP | |
| ClearShares Ultra-Short Maturity ETF | -0.19 | -0.04 | -0.01 | 100 | Ultrashort Bond | FCA vs OPER | |
| ProShares Short Bitcoin ETF | -0.18 | -0.17 | -0.18 | 57 | Cryptocurrency | FCA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.18 | -0.21 | -0.21 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FCA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.15 | -0.19 | -0.19 | 60 | Inverse Equities | FCA vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCA and solid risk/return profiles. The least correlated is Western Digital Corporation (WDC) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | 0.32 | 0.23 | 0.25 | 99 | Technology |
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