Looking to diversify beyond FMAT? The ETFs below have the lowest correlation with FMAT — 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 FMAT.
Best Diversifiers for FMAT
328 ETFs have low correlation with FMAT (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.37 | -0.31 | -0.37 | 51 | Currency | FMAT vs UUP | |
| Invesco DB Energy Fund | -0.27 | -0.05 | 0.13 | 53 | Oil & Gas | FMAT vs DBE | |
| ProShares Short Bitcoin ETF | -0.27 | -0.25 | -0.29 | 57 | Cryptocurrency | FMAT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FMAT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | -0.29 | -0.29 | 60 | Inverse Equities | FMAT vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMAT and solid risk/return profiles. The least correlated is MP Materials Corp. (MP) (Basic Materials) with a 1Y correlation of 0.32, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MP Materials Corp. | 0.32 | 0.39 | 0.49 | 51 | Basic Materials | |
| Lindblad Expeditions Holdings, Inc. | 0.46 | 0.40 | 0.44 | 91 | Consumer Cyclical |
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