Looking to diversify beyond FDD? The ETFs below have historically moved differently from FDD, 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 FDD
371 ETFs have low correlation with FDD (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.28 | — | 61 | Cryptocurrency | FDD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FDD vs SBIT | |
| ProShares UltraShort Yen | -0.36 | -0.31 | -0.23 | 56 | Leveraged Currency | FDD vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | FDD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 52 | Inverse Equities | FDD vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is PBF Energy Inc. (PBF) (Energy) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PBF Energy Inc. | -0.09 | 0.08 | 0.17 | 96 | Energy | |
| The Coca-Cola Company | 0.01 | 0.13 | 0.25 | 90 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.12 | 0.29 | 0.42 | 61 | Financial Services | |
| Corcept Therapeutics Incorporated | 0.25 | 0.22 | 0.23 | 72 | Healthcare | |
| NVIDIA Corporation | 0.31 | 0.25 | 0.37 | 56 | Technology |
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