Looking to diversify beyond FIDI? The ETFs below have the lowest correlation with FIDI — 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 FIDI.
Best Diversifiers for FIDI
319 ETFs have low correlation with FIDI (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.34 | -0.26 | 75 | Leveraged Currency | FIDI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 60 | Inverse Equities, Leveraged Equities | FIDI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 53 | Inverse Equities | FIDI vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 65 | Derivative Income | FIDI vs WNTR | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | FIDI vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIDI and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of 0.03, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | 0.03 | 0.20 | 0.33 | 69 | Energy | |
| Occidental Petroleum Corporation | 0.03 | 0.17 | 0.30 | 60 | Energy | |
| ConocoPhillips Company | 0.03 | 0.14 | 0.29 | 63 | Energy | |
| Energy Transfer LP | 0.03 | 0.24 | 0.38 | 80 | Energy | |
| Consolidated Edison, Inc. | 0.04 | 0.18 | 0.23 | 68 | Utilities |
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Build a portfolio that complements FIDI
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