Looking to diversify beyond FIDU? The ETFs below have the lowest correlation with FIDU — 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 FIDU.
Best Diversifiers for FIDU
273 ETFs have low correlation with FIDU (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.31 | -0.33 | 57 | Cryptocurrency | FIDU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FIDU vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.35 | -0.35 | 68 | Inverse Equities, Leveraged Equities | FIDU vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | -0.34 | -0.34 | 70 | Derivative Income | FIDU vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.21 | -0.29 | 51 | Currency | FIDU vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIDU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIDU and solid risk/return profiles. The least correlated is Fastenal Company (FAST) (Industrials) with a 1Y correlation of 0.55, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fastenal Company | 0.55 | 0.60 | 0.67 | 57 | Industrials |
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