Looking to diversify beyond FDD? The ETFs below have the lowest correlation with FDD — 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 FDD.
Best Diversifiers for FDD
327 ETFs have low correlation with FDD (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.30 | -0.23 | 75 | Leveraged Currency | FDD vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 60 | Inverse Equities, Leveraged Equities | FDD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 53 | Inverse Equities | FDD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | FDD vs WNTR | |
| United States Gasoline Fund LP | -0.22 | -0.05 | 0.07 | 72 | Oil & Gas | FDD vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDD and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.01 | 0.13 | 0.25 | 82 | Consumer Defensive | |
| Corcept Therapeutics Incorporated | 0.25 | 0.23 | 0.23 | 60 | Healthcare | |
| Millrose Properties, Inc | 0.30 | — | — | 51 | Real Estate | |
| Robinhood Markets, Inc. | 0.35 | 0.33 | 0.37 | 52 | Financial Services | |
| Compañía de Minas Buenaventura S.A.A. | 0.42 | 0.35 | 0.32 | 84 | Basic Materials |
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