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
348 ETFs have low correlation with FDEV (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.34 | -0.29 | 63 | Leveraged Currency | FDEV vs YCS | |
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.08 | 71 | Oil & Gas | FDEV vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.07 | 65 | Oil & Gas | FDEV vs BNO | |
| United States Oil Fund LP | -0.27 | -0.08 | 0.08 | 66 | Oil & Gas | FDEV vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.05 | 0.10 | 56 | Oil & Gas | FDEV vs OILK |
See all 2190 diversifiers for FDEV
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