Looking to diversify beyond FMDE? The ETFs below have the lowest correlation with FMDE — 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 FMDE.
Best Diversifiers for FMDE
320 ETFs have low correlation with FMDE (below 0.3), 47 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | FMDE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.43 | -0.43 | 53 | Inverse Equities | FMDE vs SMST | |
| ProShares Short Bitcoin ETF | -0.42 | -0.38 | -0.38 | 57 | Cryptocurrency | FMDE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FMDE vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | FMDE vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMDE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.29, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.29 | 0.38 | 0.38 | 65 | Technology | |
| Tesla, Inc. | 0.43 | — | — | 63 | Consumer Cyclical |
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