Looking to diversify beyond FDT? The ETFs below have historically moved differently from FDT, 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 FDT
437 ETFs have low correlation with FDT (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.32 | — | 61 | Cryptocurrency | FDT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FDT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 52 | Inverse Equities | FDT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.35 | -0.35 | 61 | Inverse Equities, Leveraged Equities | FDT vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | -0.38 | -0.38 | 75 | Derivative Income | FDT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Aflac Incorporated (AFL) (Financial Services) with a 1Y correlation of -0.18, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aflac Incorporated | -0.18 | 0.16 | 0.33 | 89 | Financial Services | |
| The Coca-Cola Company | -0.15 | 0.03 | 0.15 | 90 | Consumer Defensive | |
| Atmos Energy Corporation | -0.06 | 0.11 | 0.20 | 67 | Utilities | |
| Chevron Corporation | -0.03 | 0.10 | 0.24 | 80 | Energy | |
| Johnson & Johnson | -0.00 | 0.08 | 0.12 | 97 | Healthcare |
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