Looking to diversify beyond FNDE? The ETFs below have the lowest correlation with FNDE — 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 FNDE.
Best Diversifiers for FNDE
387 ETFs have low correlation with FNDE (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.43 | -0.47 | 51 | Currency | FNDE vs UUP | |
| ProShares Short Bitcoin ETF | -0.42 | -0.28 | -0.31 | 57 | Cryptocurrency | FNDE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNDE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 53 | Inverse Equities | FNDE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 68 | Inverse Equities, Leveraged Equities | FNDE vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDE and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.07 | 0.13 | 57 | Communication Services | |
| Berkshire Hathaway Inc. | -0.03 | 0.16 | 0.31 | 53 | Financial Services | |
| Realty Income Corporation | 0.04 | 0.17 | 0.24 | 74 | Real Estate | |
| Camden Property Trust | 0.05 | 0.21 | 0.26 | 50 | Real Estate | |
| JPMorgan Chase & Co. | 0.29 | 0.31 | 0.41 | 69 | Financial Services |
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Build a portfolio that complements FNDE
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