Looking to diversify beyond FID? The ETFs below have historically moved differently from FID, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FID
306 ETFs have low correlation with FID (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.38 | -0.30 | 56 | Leveraged Currency | FID vs YCS | |
| ProShares Short Bitcoin ETF | -0.33 | -0.23 | — | 61 | Cryptocurrency | FID vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FID vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | FID vs MSTZ | |
| Invesco DB Energy Fund | -0.30 | -0.09 | 0.09 | 72 | Oil & Gas | FID vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FID, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.10, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.10 | 0.27 | 0.35 | 89 | Real Estate | |
| Berkshire Hathaway Inc. | 0.14 | 0.32 | 0.43 | 61 | Financial Services | |
| Realty Income Corporation | 0.25 | 0.36 | 0.38 | 77 | Real Estate |
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