Looking to diversify beyond FIDU? The ETFs below have historically moved differently from FIDU, 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 FIDU
310 ETFs have low correlation with FIDU (below 0.3), 79 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.35 | -0.35 | 55 | Cryptocurrency, Leveraged Cryptocurrency | FIDU vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | -0.31 | — | 61 | Cryptocurrency | FIDU vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | FIDU vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.07 | — | 56 | Options Trading | FIDU vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | FIDU vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIDU, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.16 | 0.27 | 62 | Consumer Defensive | |
| Applied Digital Corporation | 0.45 | 0.40 | 0.34 | 78 | Technology | |
| Western Digital Corporation | 0.45 | 0.47 | 0.53 | 99 | Technology | |
| Bloom Energy Corporation | 0.49 | 0.48 | 0.53 | 97 | Industrials | |
| Honeywell International Inc | 0.57 | 0.59 | 0.69 | 60 | Industrials |
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