Looking to diversify beyond FMAG? The ETFs below have the lowest correlation with FMAG — 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 FMAG.
Best Diversifiers for FMAG
420 ETFs have low correlation with FMAG (below 0.3), 71 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.44 | -0.44 | 53 | Inverse Equities | FMAG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 60 | Inverse Equities, Leveraged Equities | FMAG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | FMAG vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | FMAG vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | FMAG vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMAG and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.32, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.32 | 0.41 | 0.60 | 90 | Technology | |
| The Goldman Sachs Group, Inc. | 0.59 | 0.56 | 0.59 | 86 | Financial Services |
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