Looking to diversify beyond FDEV? The ETFs below have the lowest correlation with FDEV — 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 FDEV.
Best Diversifiers for FDEV
275 ETFs have low correlation with FDEV (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.34 | -0.29 | 63 | Leveraged Currency | FDEV vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.08 | 0.05 | 55 | Oil & Gas | FDEV vs UGA | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | FDEV vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | FDEV vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | FDEV vs IBIC |
See all 1949 diversifiers for FDEV
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