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
397 ETFs have low correlation with FDEM (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.18 | -0.16 | 67 | Leveraged Currency | FDEM vs YCS | |
| United States Oil Fund LP | -0.30 | -0.01 | 0.10 | 66 | Oil & Gas | FDEM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 55 | Derivative Income | FDEM vs USOY | |
| Invesco DB Energy Fund | -0.29 | -0.01 | 0.11 | 71 | Oil & Gas | FDEM vs DBE | |
| United States Brent Oil Fund LP | -0.28 | 0.00 | 0.10 | 65 | Oil & Gas | FDEM vs BNO |
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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 -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.07 | 0.11 | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.01 | 0.04 | 0.08 | 94 | Healthcare | |
| Welltower Inc. | 0.05 | 0.15 | 0.23 | 80 | Real Estate |
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