Looking to diversify beyond FDAT? The ETFs below have the lowest correlation with FDAT — 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 FDAT.
Best Diversifiers for FDAT
292 ETFs have low correlation with FDAT (below 0.3), 21 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.47, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | -0.46 | -0.46 | 51 | Derivative Income | FDAT vs WNTR | |
| ProShares UltraShort Yen | -0.21 | -0.10 | — | 73 | Leveraged Currency | FDAT vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.06 | — | 60 | Oil & Gas | FDAT vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | FDAT vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 96 | Inflation-Protected Bonds | FDAT vs IBID |
See all 1937 diversifiers for FDAT
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