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
485 ETFs have low correlation with FDIG (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.68, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.68 | -0.68 | -0.69 | 53 | Cryptocurrency | FDIG vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.67 | — | — | 65 | Inverse Equities, Leveraged Equities | FDIG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.67 | — | — | 56 | Inverse Equities | FDIG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.64 | — | — | 70 | Derivative Income | FDIG vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.21 | — | — | 54 | Multistrategy | FDIG vs RSBY |
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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 Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.39, roughly unchanged from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.39 | 0.42 | — | 79 | Technology | |
| NVIDIA Corporation | 0.42 | 0.40 | — | 70 | Technology | |
| Marvell Technology, Inc. | 0.43 | 0.44 | — | 95 | Technology | |
| Amazon.com, Inc | 0.44 | 0.42 | — | 54 | Consumer Cyclical | |
| Central Securities Corp. | 0.46 | 0.46 | 0.51 | 82 | Financial Services |
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Build a portfolio that complements FDIG
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