Looking to diversify beyond FDAT? The ETFs below have historically moved differently from FDAT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FDAT
300 ETFs have low correlation with FDAT (below 0.3), 38 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | -0.43 | -0.43 | 58 | Derivative Income | FDAT vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.11 | — | 54 | Oil & Gas | FDAT vs DBE | |
| United States Gasoline Fund, LP | -0.24 | -0.09 | — | 72 | Oil & Gas | FDAT vs UGA | |
| ProShares UltraShort Yen | -0.20 | -0.11 | — | 56 | Leveraged Currency | FDAT vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 96 | Inflation-Protected Bonds | FDAT vs IBID |
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