Looking to diversify beyond FDEC? The ETFs below have historically moved differently from FDEC, 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 FDEC
402 ETFs have low correlation with FDEC (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.32 | — | 51 | Cryptocurrency | FDEC vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | FDEC vs WNTR | |
| Invesco DB Energy Fund | -0.30 | -0.10 | 0.05 | 66 | Oil & Gas | FDEC vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.05 | 51 | Oil & Gas | FDEC vs DBO | |
| United States Gasoline Fund, LP | -0.24 | -0.07 | 0.05 | 83 | Oil & Gas | FDEC vs UGA |
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