Looking to diversify beyond FIAX? The ETFs below have the lowest correlation with FIAX — 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 FIAX.
Best Diversifiers for FIAX
351 ETFs have low correlation with FIAX (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.15 | — | 75 | Leveraged Currency | FIAX vs YCS | |
| United States Gasoline Fund LP | -0.27 | -0.06 | — | 72 | Oil & Gas | FIAX vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | FIAX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 60 | Inverse Equities, Leveraged Equities | FIAX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 53 | Inverse Equities | FIAX vs SMST |
See all 2051 diversifiers for FIAX
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