Looking to diversify beyond FDHY? The ETFs below have the lowest correlation with FDHY — 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 FDHY.
Best Diversifiers for FDHY
237 ETFs have low correlation with FDHY (below 0.3), 66 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 -0.37 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 | -0.32 | -0.37 | 51 | Currency | FDHY vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | FDHY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.38 | -0.38 | 60 | Inverse Equities | FDHY vs SMST | |
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | -0.31 | 57 | Cryptocurrency | FDHY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDHY vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDHY and solid risk/return profiles. The least correlated is Shin-Etsu Chemical Co Ltd ADR (SHECY) (Basic Materials) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd ADR | 0.32 | 0.34 | 0.37 | 77 | Basic Materials | |
| Reddit, Inc. | 0.33 | — | — | 62 | Communication Services | |
| German American Bancorp, Inc. | 0.34 | 0.30 | 0.31 | 73 | Financial Services | |
| ARMOUR Residential REIT, Inc. | 0.37 | 0.48 | 0.47 | 67 | Real Estate | |
| ASML Holding N.V. | 0.40 | 0.41 | 0.51 | 94 | Technology |
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