Looking to diversify beyond FDEM? The ETFs below have historically moved differently from FDEM, 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 FDEM
510 ETFs have low correlation with FDEM (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.30 | — | 61 | Cryptocurrency | FDEM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 56 | Cryptocurrency, Leveraged Cryptocurrency | FDEM vs SBIT | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.44 | -0.44 | -0.48 | 55 | Currency | FDEM vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.39 | -0.44 | 65 | Currency | FDEM vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 69 | Inverse Equities, Leveraged Equities | FDEM vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDEM, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.13 | -0.01 | 0.05 | 97 | Healthcare | |
| Walmart Inc. | -0.11 | 0.02 | 0.08 | 64 | Consumer Defensive | |
| Welltower Inc. | -0.06 | 0.08 | 0.19 | 94 | Real Estate |
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