Looking to diversify beyond FNDA? The ETFs below have historically moved differently from FNDA, 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 FNDA
316 ETFs have low correlation with FNDA (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | FNDA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | FNDA vs SMST | |
| ProShares Short Bitcoin ETF | -0.37 | -0.35 | — | 61 | Cryptocurrency | FNDA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNDA vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | -0.37 | -0.37 | 75 | Derivative Income | FNDA vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNDA, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.02 | 0.13 | 0.21 | 66 | Communication Services | |
| Blackrock Municipal 2030 Target Term Trust | 0.27 | 0.27 | 0.27 | 65 | Financial Services | |
| AGNC Investment Corp. | 0.30 | 0.21 | 0.27 | 87 | Real Estate | |
| Pan American Silver Corp. | 0.32 | 0.28 | 0.31 | 75 | Basic Materials | |
| Amphenol Corporation | 0.38 | 0.48 | 0.60 | 77 | 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