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
209 ETFs have low correlation with FDHY (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.20 | -0.21 | 63 | Leveraged Currency | FDHY vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.06 | 0.07 | 55 | Oil & Gas | FDHY vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | — | — | 97 | Inflation-Protected Bonds | FDHY vs RBIL | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.16 | 0.02 | — | 50 | Commodities | FDHY vs CMDT | |
| VanEck Commodity Strategy ETF | -0.16 | 0.01 | — | 57 | Commodities | FDHY vs PIT |
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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 0.30, 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 | 0.30 | 0.35 | 0.37 | 77 | Basic Materials | |
| German American Bancorp, Inc. | 0.34 | 0.30 | 0.32 | 74 | Financial Services | |
| Reddit, Inc. | 0.34 | 0.29 | 0.29 | 54 | Communication Services | |
| ASML Holding N.V. | 0.37 | 0.37 | 0.47 | 94 | Technology | |
| ARMOUR Residential REIT, Inc. | 0.38 | 0.48 | 0.47 | 67 | Real Estate |
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Build a portfolio that complements FDHY
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