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
1535 ETFs have low correlation with FGDL (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.27 | — | 63 | Leveraged Currency | FGDL vs YCS | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | FGDL vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.09 | — | — | 97 | Inflation-Protected Bonds | FGDL vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | FGDL vs CSHP | |
| First Trust Merger Arbitrage ETF | -0.08 | 0.00 | -0.01 | 59 | Long-Short | FGDL vs MARB |
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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 -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.00 | 0.02 | 72 | Consumer Defensive | |
| Dow Inc. | -0.00 | 0.05 | 0.09 | 55 | Basic Materials | |
| American Express Company | 0.03 | 0.06 | — | 56 | Financial Services | |
| International Seaways, Inc. | 0.06 | 0.10 | 0.04 | 97 | Energy | |
| Meta Financial Group, Inc. | 0.10 | 0.04 | 0.05 | 53 | Financial Services |
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Build a portfolio that complements FGDL
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