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
276 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 -0.40, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.31 | -0.22 | 61 | Leveraged Currency | FDD vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.12 | -0.12 | 97 | Inflation-Protected Bonds | FDD vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | -0.01 | -0.01 | 99 | Ultrashort Bond | FDD vs CSHP | |
| TCW AAA CLO ETF | -0.17 | -0.10 | -0.10 | 99 | CLO | FDD vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | FDD vs IBIC |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millrose Properties, Inc | 0.32 | — | — | 53 | Real Estate | |
| Robinhood Markets, Inc. | 0.34 | 0.34 | 0.37 | 57 | Financial Services | |
| Compañía de Minas Buenaventura S.A.A. | 0.39 | 0.34 | 0.32 | 86 | Basic Materials |
Build a portfolio that complements FDD
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