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
300 ETFs have low correlation with FDLO (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.07 | -0.06 | 61 | Leveraged Currency | FDLO vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | FDLO vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FDLO vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.01 | 100 | Ultrashort Bond | FDLO vs SGOV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.05 | 0.05 | 99 | Ultrashort Bond | FDLO vs CSHP |
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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 0.11, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.11 | 0.22 | 0.29 | 63 | Communication Services | |
| Micron Technology, Inc. | 0.17 | 0.27 | 0.37 | 99 | Technology | |
| NVIDIA Corporation | 0.19 | 0.29 | 0.45 | 76 | Technology | |
| Pan American Silver Corp. | 0.28 | 0.23 | 0.26 | 76 | Basic Materials | |
| QUALCOMM Incorporated | 0.39 | 0.45 | 0.54 | 71 | Technology |
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