Looking to diversify beyond FMIL? The ETFs below have the lowest correlation with FMIL — 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 FMIL.
Best Diversifiers for FMIL
387 ETFs have low correlation with FMIL (below 0.3), 75 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 | -0.45 | — | — | 65 | Inverse Equities, Leveraged Equities | FMIL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 56 | Inverse Equities | FMIL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | FMIL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.38 | 53 | Cryptocurrency | FMIL vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.28 | — | — | 54 | Multistrategy | FMIL vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMIL and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.11, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.11 | 0.30 | 0.29 | 78 | Healthcare | |
| BlackRock Health Sciences Trust II | 0.40 | 0.48 | 0.52 | 76 | Financial Services | |
| Commercial Metals Company | 0.49 | 0.48 | 0.56 | 67 | Basic Materials |
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