Looking to diversify beyond FNDX? The ETFs below have the lowest correlation with FNDX — 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 FNDX.
Best Diversifiers for FNDX
324 ETFs have low correlation with FNDX (below 0.3), 35 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 60 | Inverse Equities | FNDX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | FNDX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.38 | -0.33 | -0.35 | 57 | Cryptocurrency | FNDX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNDX vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | FNDX vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.18 | 0.30 | 81 | Consumer Defensive | |
| Waste Management, Inc. | 0.01 | 0.23 | 0.34 | 53 | Industrials | |
| The Coca-Cola Company | 0.04 | 0.23 | 0.35 | 83 | Consumer Defensive | |
| Chubb Limited | 0.06 | 0.26 | 0.44 | 86 | Financial Services | |
| Duke Energy Corporation | 0.06 | 0.20 | 0.25 | 66 | Utilities |
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