Looking to diversify beyond FNDF? The ETFs below have the lowest correlation with FNDF — 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 FNDF.
Best Diversifiers for FNDF
311 ETFs have low correlation with FNDF (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.30 | -0.24 | 61 | Leveraged Currency | FNDF vs YCS | |
| Invesco DB Energy Fund | -0.29 | -0.02 | 0.16 | 71 | Oil & Gas | FNDF vs DBE | |
| United States Oil Fund LP | -0.28 | -0.00 | 0.16 | 66 | Oil & Gas | FNDF vs USO | |
| United States Brent Oil Fund LP | -0.27 | 0.00 | 0.16 | 65 | Oil & Gas | FNDF vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.04 | -0.04 | 56 | Derivative Income | FNDF vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDF and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.15 | 0.24 | 69 | Consumer Defensive | |
| Diamondback Energy, Inc. | -0.03 | 0.18 | 0.34 | 82 | Energy | |
| ConocoPhillips Company | 0.01 | 0.16 | 0.31 | 76 | Energy | |
| Energy Transfer LP | 0.02 | 0.26 | 0.37 | 69 | Energy | |
| Duke Energy Corporation | 0.03 | 0.13 | 0.18 | 53 | Utilities |
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