Looking to diversify beyond FNDC? The ETFs below have historically moved differently from FNDC, 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 FNDC
268 ETFs have low correlation with FNDC (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 51 | Cryptocurrency | FNDC vs BITI | |
| ProShares UltraShort Yen | -0.40 | -0.35 | -0.30 | 59 | Leveraged Currency | FNDC vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | FNDC vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.10 | 66 | Oil & Gas | FNDC vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.06 | 0.12 | 51 | Oil & Gas | FNDC vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNDC, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.33, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.33 | 0.35 | 0.45 | 90 | Technology | |
| Agnico Eagle Mines Limited | 0.52 | 0.44 | 0.41 | 56 | Basic Materials |
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