Looking to diversify beyond FDL? The ETFs below have historically moved differently from FDL, 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 FDL
1733 ETFs have low correlation with FDL (below 0.3), 349 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.31, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.31 | -0.03 | 0.18 | 52 | Leveraged Equities, Semiconductors | FDL vs USD | |
| Columbia Select Technology ETF | -0.29 | 0.07 | — | 54 | Semiconductors, Technology Equities | FDL vs SEMI | |
| Roundhill Generative AI & Technology ETF | -0.27 | 0.03 | — | 66 | Artificial Intelligence, Technology Equities | FDL vs CHAT | |
| GraniteShares 2x Long MU Daily ETF | -0.25 | — | — | 98 | Leveraged Equities | FDL vs MULL | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.25 | 0.10 | — | 59 | Artificial Intelligence, Technology Equities | FDL vs WTAI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDL, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.28, down from -0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.28 | -0.05 | — | 74 | Technology | |
| Broadcom Inc. | -0.27 | -0.04 | 0.17 | 67 | Technology | |
| NVIDIA Corporation | -0.26 | -0.06 | 0.13 | 56 | Technology | |
| Micron Technology, Inc. | -0.24 | -0.00 | 0.15 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.20 | 0.02 | 0.16 | 87 | Technology |
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