Looking to diversify beyond FDN? The ETFs below have the lowest correlation with FDN — 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 FDN.
Best Diversifiers for FDN
633 ETFs have low correlation with FDN (below 0.3), 101 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 | -0.43 | — | — | 70 | Inverse Equities, Leveraged Equities | FDN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 63 | Inverse Equities | FDN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 73 | Derivative Income | FDN vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.34 | — | 52 | Cryptocurrency | FDN vs BITI | |
| Direxion Daily NFLX Bear 1X Shares | -0.33 | — | — | 57 | Inverse Equities | FDN vs NFXS |
See all 2069 diversifiers for FDN
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Diversification Analysis
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