Looking to diversify beyond FMCE? The ETFs below have the lowest correlation with FMCE — 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 FMCE.
Best Diversifiers for FMCE
357 ETFs have low correlation with FMCE (below 0.3), 53 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.33 | -0.33 | 53 | Inverse Equities | FMCE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.34 | -0.34 | 60 | Inverse Equities, Leveraged Equities | FMCE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | -0.38 | -0.38 | 65 | Derivative Income | FMCE vs WNTR | |
| United States Gasoline Fund LP | -0.23 | -0.11 | -0.11 | 72 | Oil & Gas | FMCE vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | -0.20 | -0.20 | 98 | Inflation-Protected Bonds | FMCE vs IBIC |
See all 2055 diversifiers for FMCE
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