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
335 ETFs have low correlation with FDAT (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.53, down from -0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.53 | -0.38 | — | 52 | Cryptocurrency | FDAT vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 70 | Inverse Equities, Leveraged Equities | FDAT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 63 | Inverse Equities | FDAT vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 73 | Derivative Income | FDAT vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.09 | — | 57 | Oil & Gas | FDAT vs DBE |
See all 2061 diversifiers for FDAT
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