Looking to diversify beyond FDEM? The ETFs below have the lowest correlation with FDEM — 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 FDEM.
Best Diversifiers for FDEM
393 ETFs have low correlation with FDEM (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.39 | -0.44 | 50 | Currency | FDEM vs UUP | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 52 | Derivative Income | FDEM vs WNTR | |
| ProShares UltraShort Yen | -0.29 | -0.17 | -0.15 | 80 | Leveraged Currency | FDEM vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | FDEM vs IBIC | |
| United States Gasoline Fund LP | -0.15 | 0.02 | 0.11 | 75 | Oil & Gas | FDEM vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDEM and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.03 | 0.09 | 60 | Consumer Defensive | |
| Johnson & Johnson | -0.07 | 0.01 | 0.06 | 97 | Healthcare | |
| Welltower Inc. | -0.04 | 0.10 | 0.20 | 92 | Real Estate |
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