Looking to diversify beyond FDIF? The ETFs below have the lowest correlation with FDIF — 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 FDIF.
Best Diversifiers for FDIF
373 ETFs have low correlation with FDIF (below 0.3), 87 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.51 | -0.51 | -0.51 | 60 | Inverse Equities | FDIF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | -0.51 | -0.51 | 68 | Inverse Equities, Leveraged Equities | FDIF vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.49 | -0.50 | -0.50 | 70 | Derivative Income | FDIF vs WNTR | |
| ProShares Short Bitcoin ETF | -0.48 | -0.40 | -0.39 | 57 | Cryptocurrency | FDIF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.45 | -0.45 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDIF vs SBIT |
See all 2046 diversifiers for FDIF
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Diversification Analysis
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