Looking to diversify beyond FGDL? The ETFs below have the lowest correlation with FGDL — 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 FGDL.
Best Diversifiers for FGDL
1511 ETFs have low correlation with FGDL (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.27 | -0.13 | -0.16 | 53 | Cryptocurrency | FGDL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | — | — | 56 | Inverse Equities | FGDL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | -0.16 | — | 65 | Inverse Equities, Leveraged Equities | FGDL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | FGDL vs WNTR | |
| ProShares UltraShort Yen | -0.23 | -0.27 | — | 72 | Leveraged Currency | FGDL vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FGDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FGDL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | -0.02 | — | 78 | Consumer Defensive | |
| Dow Inc. | 0.01 | 0.05 | — | 54 | Basic Materials | |
| Texas Pacific Land Corporation | 0.03 | 0.12 | — | 60 | Energy | |
| International Seaways, Inc. | 0.04 | 0.09 | — | 98 | Energy | |
| American Express Company | 0.07 | 0.06 | 0.09 | 57 | Financial Services |
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Build a portfolio that complements FGDL
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