Looking to diversify beyond FDT? The ETFs below have the lowest correlation with FDT — 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 FDT.
Best Diversifiers for FDT
352 ETFs have low correlation with FDT (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.51 | -0.50 | -0.55 | 51 | Currency | FDT vs UUP | |
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | -0.34 | 57 | Cryptocurrency | FDT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FDT vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.34 | -0.34 | 68 | Inverse Equities, Leveraged Equities | FDT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | FDT vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDT and solid risk/return profiles. The least correlated is Aflac Incorporated (AFL) (Financial Services) with a 1Y correlation of -0.11, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aflac Incorporated | -0.11 | 0.18 | 0.35 | 82 | Financial Services | |
| The Coca-Cola Company | -0.11 | 0.04 | 0.17 | 83 | Consumer Defensive | |
| Atmos Energy Corporation | -0.01 | 0.14 | 0.21 | 76 | Utilities | |
| Chevron Corporation | 0.00 | 0.12 | 0.25 | 70 | Energy | |
| The Williams Companies, Inc. | 0.05 | 0.27 | 0.38 | 82 | Energy |
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Build a portfolio that complements FDT
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