Looking to diversify beyond FDLO? The ETFs below have the lowest correlation with FDLO — 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 FDLO.
Best Diversifiers for FDLO
384 ETFs have low correlation with FDLO (below 0.3), 42 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.68, roughly unchanged from -0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.68 | -0.68 | -0.68 | 99 | Leveraged Equities, Semiconductors | FDLO vs MUU | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 53 | Inverse Equities | FDLO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | FDLO vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.30 | -0.25 | -0.28 | 57 | Cryptocurrency | FDLO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDLO vs SBIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDLO and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.08 | 0.21 | 0.29 | 57 | Communication Services | |
| Micron Technology, Inc. | 0.13 | 0.25 | 0.36 | 99 | Technology | |
| NVIDIA Corporation | 0.17 | 0.28 | 0.44 | 65 | Technology | |
| Pan American Silver Corp. | 0.28 | 0.23 | 0.26 | 68 | Basic Materials | |
| QUALCOMM Incorporated | 0.31 | 0.42 | 0.52 | 59 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FDLO
Add FDLO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDLO