Looking to diversify beyond FGSM? The ETFs below have the lowest correlation with FGSM — 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 FGSM.
Best Diversifiers for FGSM
279 ETFs have low correlation with FGSM (below 0.3), 39 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 -0.38, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.39 | -0.39 | 60 | Inverse Equities, Leveraged Equities | FGSM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.39 | -0.39 | 53 | Inverse Equities | FGSM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 65 | Derivative Income | FGSM vs WNTR | |
| ProShares UltraShort Yen | -0.25 | -0.13 | -0.13 | 75 | Leveraged Currency | FGSM vs YCS | |
| United States Gasoline Fund LP | -0.22 | — | — | 72 | Oil & Gas | FGSM vs UGA |
See all 2052 diversifiers for FGSM
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