Looking to diversify beyond FDTX? The ETFs below have historically moved differently from FDTX, 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 FDTX
589 ETFs have low correlation with FDTX (below 0.3), 137 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 51 | Cryptocurrency | FDTX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | FDTX vs WNTR | |
| iShares Core High Dividend ETF | -0.26 | -0.02 | -0.01 | 91 | Dividend, Large Cap Value Equities | FDTX vs HDV | |
| iShares U.S. Insurance ETF | -0.25 | -0.00 | -0.01 | 54 | Financials Equities | FDTX vs IAK | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.23 | -0.01 | 0.00 | 58 | Dividend, Low Volatility | FDTX vs LVHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDTX, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.01 | 0.20 | 0.21 | 55 | Financial Services |
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