Looking to diversify beyond FDIG? The ETFs below have the lowest correlation with FDIG — 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 FDIG.
Best Diversifiers for FDIG
475 ETFs have low correlation with FDIG (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.04 | -0.08 | 61 | Leveraged Currency | FDIG vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.13 | -0.13 | 98 | Inflation-Protected Bonds | FDIG vs RBIL | |
| Invesco DB Energy Fund | -0.15 | -0.02 | — | 71 | Oil & Gas | FDIG vs DBE | |
| United States Oil Fund LP | -0.15 | -0.00 | — | 66 | Oil & Gas | FDIG vs USO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | FDIG vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDIG and solid risk/return profiles. The least correlated is Central Securities Corp. (CET) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Central Securities Corp. | 0.45 | 0.45 | 0.51 | 82 | Financial Services |
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