Looking to diversify beyond FMHI? The ETFs below have the lowest correlation with FMHI — 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 FMHI.
Best Diversifiers for FMHI
1497 ETFs have low correlation with FMHI (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.34 | -0.33 | 61 | Leveraged Currency | FMHI vs YCS | |
| Bastion Energy ETF | -0.23 | — | — | 75 | Energy Equities | FMHI vs BESF | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.05 | -0.06 | 70 | Commodities | FMHI vs FAAR | |
| VanEck Commodity Strategy ETF | -0.20 | -0.07 | — | 55 | Commodities | FMHI vs PIT | |
| Alerian Energy Infrastructure ETF | -0.19 | -0.01 | 0.01 | 50 | Energy Equities | FMHI vs ENFR |
See all 2067 diversifiers for FMHI
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FMHI
Add FMHI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMHI