Looking to diversify beyond FNDA? The ETFs below have the lowest correlation with FNDA — 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 FNDA.
Best Diversifiers for FNDA
298 ETFs have low correlation with FNDA (below 0.3), 51 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 | -0.37 | — | — | 68 | Inverse Equities, Leveraged Equities | FNDA vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.37 | -0.35 | — | 57 | Cryptocurrency | FNDA vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 60 | Inverse Equities | FNDA vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNDA vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | -0.37 | -0.37 | 70 | Derivative Income | FNDA vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDA and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.02 | 0.12 | 0.21 | 57 | Communication Services | |
| Blackrock Municipal 2030 Target Term Trust | 0.24 | 0.28 | 0.27 | 80 | Financial Services | |
| AGNC Investment Corp. | 0.27 | 0.20 | 0.27 | 89 | Real Estate | |
| Pan American Silver Corp. | 0.30 | 0.29 | 0.31 | 68 | Basic Materials | |
| Amphenol Corporation | 0.35 | 0.45 | 0.56 | 80 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FNDA
Add FNDA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNDA