Looking to diversify beyond FGDL? The ETFs below have historically moved differently from FGDL, 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 FGDL
1434 ETFs have low correlation with FGDL (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.14 | — | 51 | Cryptocurrency | FGDL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | -0.18 | — | 69 | Derivative Income | FGDL vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.18 | — | 51 | Nontraditional Bonds | FGDL vs RISR | |
| ProShares UltraShort Yen | -0.21 | -0.27 | -0.37 | 59 | Leveraged Currency | FGDL vs YCS | |
| TCW AAA CLO ETF | -0.13 | -0.14 | -0.14 | 99 | CLO | FGDL vs ACLO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FGDL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.04 | — | 66 | Consumer Defensive | |
| LyondellBasell Industries N.V. | -0.01 | 0.03 | — | 60 | Basic Materials | |
| Dow Inc. | 0.01 | 0.04 | — | 73 | Basic Materials | |
| International Seaways, Inc. | 0.04 | 0.08 | — | 98 | Industrials | |
| Texas Pacific Land Corporation | 0.05 | 0.12 | — | 64 | Energy |
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