Looking to diversify beyond FNDE? The ETFs below have historically moved differently from FNDE, 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 FNDE
484 ETFs have low correlation with FNDE (below 0.3), 61 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNDE vs SBIT | |
| ProShares Short Bitcoin ETF | -0.44 | -0.29 | — | 61 | Cryptocurrency | FNDE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | FNDE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | FNDE vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | FNDE vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNDE, 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 -0.07, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | 0.06 | 0.12 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | -0.03 | 0.15 | 0.28 | 61 | Financial Services | |
| Realty Income Corporation | 0.02 | 0.16 | 0.23 | 77 | Real Estate | |
| Camden Property Trust | 0.02 | 0.20 | 0.25 | 52 | Real Estate | |
| Apple Inc | 0.28 | 0.31 | 0.38 | 89 | Technology |
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