Looking to diversify beyond FGSI? The ETFs below have the lowest correlation with FGSI — 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 FGSI.
Best Diversifiers for FGSI
377 ETFs have low correlation with FGSI (below 0.3), 51 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.45 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.45 | — | 68 | Inverse Equities, Leveraged Equities | FGSI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.45 | -0.45 | 60 | Inverse Equities | FGSI vs SMST | |
| ProShares Short Bitcoin ETF | -0.44 | -0.43 | -0.43 | 57 | Cryptocurrency | FGSI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FGSI vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | FGSI vs WNTR |
See all 2039 diversifiers for FGSI
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