Looking to diversify beyond FDHY? The ETFs below have historically moved differently from FDHY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FDHY
278 ETFs have low correlation with FDHY (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | FDHY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | FDHY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 61 | Cryptocurrency | FDHY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.36 | -0.36 | 55 | Cryptocurrency, Leveraged Cryptocurrency | FDHY vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | -0.40 | -0.40 | 75 | Derivative Income | FDHY vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDHY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.30, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.30 | 0.28 | 0.31 | 86 | Financial Services | |
| Shin-Etsu Chemical Co Ltd ADR | 0.32 | 0.33 | 0.37 | 63 | Basic Materials | |
| ARMOUR Residential REIT, Inc. | 0.40 | 0.48 | 0.48 | 68 | Real Estate | |
| Ford Motor Company | 0.41 | 0.41 | 0.50 | 78 | Consumer Cyclical | |
| ASML Holding N.V. | 0.43 | 0.41 | 0.51 | 96 | Technology |
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