Looking to diversify beyond FDIG? The ETFs below have historically moved differently from FDIG, 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 FDIG
573 ETFs have low correlation with FDIG (below 0.3), 100 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.69, roughly unchanged from -0.69 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.69 | -0.69 | — | 51 | Cryptocurrency | FDIG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.66 | — | — | 69 | Derivative Income | FDIG vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 99 | Ultrashort Bond | FDIG vs BAMU | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.14 | — | 97 | Inflation-Protected Bonds | FDIG vs RBIL | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.16 | -0.07 | -0.08 | 51 | Nontraditional Bonds | FDIG vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDIG, 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 Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.41, roughly unchanged from 0.42 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.41 | 0.42 | — | 75 | Technology | |
| NVIDIA Corporation | 0.45 | 0.41 | 0.49 | 61 | Technology | |
| Amazon.com, Inc | 0.46 | 0.42 | 0.51 | 72 | Consumer Cyclical | |
| Central Securities Corporation | 0.47 | 0.46 | 0.50 | 85 | Financial Services | |
| Marvell Technology, Inc. | 0.48 | 0.44 | 0.51 | 90 | Technology |
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