Looking to diversify beyond FDVV? The ETFs below have historically moved differently from FDVV, 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 FDVV
330 ETFs have low correlation with FDVV (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 52 | Inverse Equities | FDVV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | FDVV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | FDVV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.33 | — | 61 | Cryptocurrency | FDVV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.36 | -0.36 | 55 | Cryptocurrency, Leveraged Cryptocurrency | FDVV vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDVV, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.07, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.07 | 0.21 | 0.35 | 70 | Energy | |
| Chevron Corporation | -0.04 | 0.25 | 0.40 | 80 | Energy | |
| Exxon Mobil Corporation | -0.03 | 0.24 | 0.38 | 84 | Energy | |
| ConocoPhillips Company | -0.02 | 0.24 | 0.38 | 72 | Energy | |
| Devon Energy Corporation | -0.02 | 0.26 | 0.39 | 76 | Energy |
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