Looking to diversify beyond FDL? The ETFs below have the lowest correlation with FDL — 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 FDL.
Best Diversifiers for FDL
1615 ETFs have low correlation with FDL (below 0.3), 211 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.21 | 0.01 | 0.20 | 89 | Leveraged Equities, Semiconductors | FDL vs USD | |
| Columbia Select Technology ETF | -0.19 | 0.11 | — | 81 | Semiconductors, Technology Equities | FDL vs SEMI | |
| iShares Technology Opportunities Active ETF | -0.17 | -0.04 | -0.04 | 68 | Technology Equities | FDL vs TEK | |
| Alger AI Enablers & Adopters ETF | -0.17 | -0.02 | -0.02 | 68 | Technology Equities | FDL vs ALAI | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.17 | — | — | 70 | Technology Equities | FDL vs FAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.23, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.23 | -0.04 | 0.14 | 76 | Technology | |
| Broadcom Inc. | -0.21 | -0.01 | 0.19 | 75 | Technology | |
| Credo Technology Group Holding Ltd | -0.18 | -0.00 | — | 90 | Technology | |
| Micron Technology, Inc. | -0.14 | 0.04 | 0.19 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.11 | 0.05 | 0.14 | 66 | Technology |
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Build a portfolio that complements FDL
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Analyze a portfolio with FDL