Looking to diversify beyond FMAG? The ETFs below have historically moved differently from FMAG, 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 FMAG
524 ETFs have low correlation with FMAG (below 0.3), 97 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.33 | — | 51 | Cryptocurrency | FMAG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | FMAG vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | -0.07 | -0.07 | 52 | Derivative Income, Dividend | FMAG vs XOMO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | FMAG vs IBIC | |
| Invesco DB Energy Fund | -0.22 | -0.10 | 0.03 | 66 | Oil & Gas | FMAG 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 FMAG, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.28, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.28 | 0.39 | 0.58 | 90 | Technology | |
| The Goldman Sachs Group, Inc. | 0.63 | 0.58 | 0.60 | 83 | Financial Services |
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