Looking to diversify beyond FDRV? The ETFs below have the lowest correlation with FDRV — 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 FDRV.
Best Diversifiers for FDRV
432 ETFs have low correlation with FDRV (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.40 | 53 | Cryptocurrency | FDRV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 65 | Inverse Equities, Leveraged Equities | FDRV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 56 | Inverse Equities | FDRV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | FDRV vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.22 | — | — | 54 | Multistrategy | FDRV vs RSBY |
See all 2059 diversifiers for FDRV
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