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
350 ETFs have low correlation with FDRV (below 0.3), 40 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.40, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.43 | -0.43 | 51 | Derivative Income | FDRV vs WNTR | |
| United States Gasoline Fund LP | -0.19 | 0.00 | 0.07 | 60 | Oil & Gas | FDRV vs UGA | |
| ProShares UltraShort Yen | -0.18 | -0.11 | -0.08 | 73 | Leveraged Currency | FDRV vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | FDRV vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | 0.01 | 0.01 | 96 | Inflation-Protected Bonds | FDRV vs IBID |
See all 1938 diversifiers for FDRV
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Diversification Analysis
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