Looking to diversify beyond FDIS? The ETFs below have the lowest correlation with FDIS — 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 FDIS.
Best Diversifiers for FDIS
351 ETFs have low correlation with FDIS (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.37 | -0.40 | 57 | Cryptocurrency | FDIS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDIS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | FDIS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.43 | -0.43 | 60 | Inverse Equities | FDIS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.41 | -0.41 | 70 | Derivative Income | FDIS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDIS and solid risk/return profiles. The least correlated is Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.24 | 0.00 | 0.11 | 53 | Energy | |
| SM Energy Company | -0.18 | 0.11 | 0.23 | 51 | Energy | |
| Omega Healthcare Investors, Inc. | -0.09 | 0.11 | 0.22 | 89 | Real Estate | |
| MPLX LP | 0.02 | 0.19 | 0.28 | 82 | Energy | |
| Realty Income Corporation | 0.04 | 0.14 | 0.25 | 74 | Real Estate |
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