Looking to diversify beyond FMIL? The ETFs below have historically moved differently from FMIL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FMIL
419 ETFs have low correlation with FMIL (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | — | 51 | Cryptocurrency | FMIL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | FMIL vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.15 | 66 | Oil & Gas | FMIL vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | FMIL vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.22 | -0.22 | 97 | Inflation-Protected Bonds | FMIL vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FMIL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.01, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.01 | 0.27 | 0.49 | 61 | Financial Services | |
| Eli Lilly and Company | 0.10 | 0.30 | 0.29 | 79 | Healthcare | |
| BlackRock Health Sciences Trust II | 0.40 | 0.48 | 0.52 | 80 | Financial Services | |
| Commercial Metals Company | 0.50 | 0.48 | 0.55 | 73 | Basic Materials |
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