Looking to diversify beyond FMKT? The ETFs below have the lowest correlation with FMKT — 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 FMKT.
Best Diversifiers for FMKT
425 ETFs have low correlation with FMKT (below 0.3), 38 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.58, roughly unchanged from -0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.58 | -0.57 | -0.57 | 60 | Inverse Equities | FMKT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.58 | -0.57 | -0.57 | 68 | Inverse Equities, Leveraged Equities | FMKT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.55 | — | — | 70 | Derivative Income | FMKT vs WNTR | |
| ProShares Short Bitcoin ETF | -0.55 | -0.54 | -0.54 | 57 | Cryptocurrency | FMKT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.55 | -0.54 | -0.54 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FMKT vs SBIT |
See all 2043 diversifiers for FMKT
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