Looking to diversify beyond FNDF? The ETFs below have historically moved differently from FNDF, 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 FNDF
305 ETFs have low correlation with FNDF (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.28 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 | -0.28 | — | 61 | Cryptocurrency | FNDF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNDF vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.32 | -0.32 | 52 | Inverse Equities | FNDF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.32 | -0.32 | 61 | Inverse Equities, Leveraged Equities | FNDF vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | -0.35 | -0.35 | 75 | Derivative Income | FNDF 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 FNDF, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.08 | 0.19 | 66 | Consumer Defensive | |
| The Allstate Corporation | -0.11 | 0.10 | 0.25 | 82 | Financial Services | |
| Chubb Limited | -0.11 | 0.12 | 0.26 | 89 | Financial Services | |
| Duke Energy Corporation | -0.06 | 0.09 | 0.18 | 56 | Utilities | |
| The Coca-Cola Company | -0.05 | 0.12 | 0.25 | 90 | Consumer Defensive |
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