Looking to diversify beyond FGM? The ETFs below have the lowest correlation with FGM — 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 FGM.
Best Diversifiers for FGM
348 ETFs have low correlation with FGM (below 0.3), 54 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.35 | -0.35 | 53 | Inverse Equities | FGM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.35 | -0.35 | 60 | Inverse Equities, Leveraged Equities | FGM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 65 | Derivative Income | FGM vs WNTR | |
| ProShares UltraShort Yen | -0.30 | -0.21 | -0.14 | 75 | Leveraged Currency | FGM vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.13 | 0.01 | 72 | Oil & Gas | FGM vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FGM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FGM and solid risk/return profiles. The least correlated is Corcept Therapeutics Incorporated (CORT) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corcept Therapeutics Incorporated | 0.22 | 0.20 | 0.19 | 60 | Healthcare | |
| NVIDIA Corporation | 0.34 | 0.32 | 0.37 | 69 | Technology |
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