Looking to diversify beyond FMAY? The ETFs below have the lowest correlation with FMAY — 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 FMAY.
Best Diversifiers for FMAY
393 ETFs have low correlation with FMAY (below 0.3), 70 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.45 | -0.45 | 60 | Inverse Equities | FMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | FMAY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.46 | -0.46 | 70 | Derivative Income | FMAY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.37 | 57 | Cryptocurrency | FMAY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FMAY vs SBIT |
See all 2049 diversifiers for FMAY
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Diversification Analysis
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