Looking to diversify beyond FDLO? The ETFs below have historically moved differently from FDLO, 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 FDLO
427 ETFs have low correlation with FDLO (below 0.3), 68 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | FDLO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 52 | Inverse Equities | FDLO vs SMST | |
| Direxion Daily NFLX Bear 1X Shares | -0.28 | — | — | 58 | Inverse Equities | FDLO vs NFXS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 75 | Derivative Income | FDLO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.27 | -0.24 | — | 61 | Cryptocurrency | FDLO vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDLO, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.09, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.09 | 0.22 | 0.34 | 99 | Technology | |
| Verizon Communications Inc. | 0.12 | 0.22 | 0.29 | 66 | Communication Services | |
| NVIDIA Corporation | 0.17 | 0.27 | 0.44 | 56 | Technology | |
| Advanced Micro Devices, Inc. | 0.20 | 0.34 | 0.43 | 94 | Technology | |
| Pan American Silver Corp. | 0.26 | 0.22 | 0.25 | 75 | Basic Materials |
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