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
291 ETFs have low correlation with FMAT (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.13 | -0.09 | 63 | Leveraged Currency | FMAT vs YCS | |
| United States Gasoline Fund LP | -0.22 | -0.04 | 0.12 | 55 | Oil & Gas | FMAT vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | FMAT vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | FMAT vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FMAT vs USFR |
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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 Lindblad Expeditions Holdings, Inc. (LIND) (Consumer Cyclical) with a 1Y correlation of 0.49, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lindblad Expeditions Holdings, Inc. | 0.49 | 0.40 | 0.44 | 92 | Consumer Cyclical |
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