Looking to diversify beyond FDLS? The ETFs below have the lowest correlation with FDLS — 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 FDLS.
Best Diversifiers for FDLS
382 ETFs have low correlation with FDLS (below 0.3), 50 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 70 | Inverse Equities, Leveraged Equities | FDLS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | -0.42 | -0.42 | 63 | Inverse Equities | FDLS vs SMST | |
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | -0.36 | 52 | Cryptocurrency | FDLS vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 73 | Derivative Income | FDLS vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.09 | 57 | Oil & Gas | FDLS vs DBE |
See all 2061 diversifiers for FDLS
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