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
265 ETFs have low correlation with FDEV (below 0.3), 22 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 | 61 | Leveraged Currency | FDEV vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | FDEV vs RBIL | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | FDEV vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | FDEV vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | FDEV vs CSHP |
See all 2075 diversifiers for FDEV
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