Looking to diversify beyond FEDM? The ETFs below have the lowest correlation with FEDM — 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 FEDM.
Best Diversifiers for FEDM
292 ETFs have low correlation with FEDM (below 0.3), 46 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.34, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.32 | -0.32 | 53 | Inverse Equities | FEDM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.32 | -0.32 | 60 | Inverse Equities, Leveraged Equities | FEDM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | -0.34 | -0.34 | 65 | Derivative Income | FEDM vs WNTR | |
| ProShares UltraShort Yen | -0.32 | -0.26 | — | 75 | Leveraged Currency | FEDM vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.08 | — | 72 | Oil & Gas | FEDM vs UGA |
See all 2052 diversifiers for FEDM
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Diversification Analysis
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