Looking to diversify beyond FDM? The ETFs below have the lowest correlation with FDM — 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 FDM.
Best Diversifiers for FDM
419 ETFs have low correlation with FDM (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.32 | -0.34 | 57 | Cryptocurrency | FDM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | FDM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | FDM vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.25 | -0.29 | 51 | Currency | FDM vs UUP |
See all 2046 diversifiers for FDM
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