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
271 ETFs have low correlation with FNDF (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.56, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.56 | -0.55 | -0.59 | 51 | Currency | FNDF vs UUP | |
| ProShares UltraShort Yen | -0.40 | -0.30 | -0.24 | 72 | Leveraged Currency | FNDF vs YCS | |
| ProShares Short Bitcoin ETF | -0.38 | -0.28 | -0.32 | 57 | Cryptocurrency | FNDF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNDF vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 68 | Inverse Equities, Leveraged Equities | FNDF vs MSTZ |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.10 | 0.09 | 0.20 | 53 | Industrials | |
| Altria Group, Inc. | -0.09 | 0.10 | 0.21 | 81 | Consumer Defensive | |
| Chubb Limited | -0.07 | 0.13 | 0.30 | 86 | Financial Services | |
| The Allstate Corporation | -0.05 | 0.11 | 0.26 | 84 | Financial Services | |
| The Coca-Cola Company | -0.03 | 0.13 | 0.26 | 83 | Consumer Defensive |
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Build a portfolio that complements FNDF
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