Looking to diversify beyond FDIS? The ETFs below have historically moved differently from FDIS, 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 FDIS
379 ETFs have low correlation with FDIS (below 0.3), 101 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | FDIS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | FDIS vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FDIS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.37 | — | 61 | Cryptocurrency | FDIS vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | FDIS vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDIS, 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 Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of -0.25, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.25 | -0.01 | 0.09 | 58 | Energy | |
| SM Energy Company | -0.23 | 0.09 | 0.22 | 58 | Energy | |
| Omega Healthcare Investors, Inc. | -0.10 | 0.10 | 0.21 | 90 | Real Estate | |
| MPLX LP | 0.02 | 0.18 | 0.27 | 79 | Energy | |
| Realty Income Corporation | 0.04 | 0.14 | 0.26 | 77 | Real Estate |
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