Looking to diversify beyond FDM? The ETFs below have historically moved differently from FDM, 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 FDM
451 ETFs have low correlation with FDM (below 0.3), 87 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.33, down from -0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.33 | -0.12 | — | 56 | Options Trading | FDM vs CAOS | |
| Invesco DB Energy Fund | -0.32 | -0.05 | 0.11 | 72 | Oil & Gas | FDM vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.33 | -0.33 | 61 | Inverse Equities, Leveraged Equities | FDM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.30 | -0.31 | — | 61 | Cryptocurrency | FDM vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.34 | -0.34 | 52 | Inverse Equities | FDM vs SMST |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FDM
Add FDM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDM