Looking to diversify beyond FCOM? The ETFs below have the lowest correlation with FCOM — 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 FCOM.
Best Diversifiers for FCOM
371 ETFs have low correlation with FCOM (below 0.3), 44 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.34, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | -0.35 | -0.35 | 51 | Derivative Income | FCOM vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.31 | — | — | 55 | Inverse Equities | FCOM vs NFXS | |
| ProShares UltraShort Yen | -0.22 | -0.06 | -0.04 | 73 | Leveraged Currency | FCOM vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.05 | 0.06 | 60 | Oil & Gas | FCOM vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | FCOM vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCOM and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.00 | 0.09 | 0.14 | 74 | Healthcare | |
| Eli Lilly and Company | 0.08 | 0.20 | 0.22 | 75 | Healthcare | |
| Pfizer Inc. | 0.13 | 0.13 | 0.18 | 50 | Healthcare |
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