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
290 ETFs have low correlation with FNDX (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.07 | -0.03 | 63 | Leveraged Currency | FNDX vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | FNDX vs USFR | |
| United States Gasoline Fund LP | -0.14 | 0.01 | 0.16 | 55 | Oil & Gas | FNDX vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | FNDX vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | FNDX vs IBIC |
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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 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.18 | 0.29 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.07 | 0.27 | 0.39 | 72 | Energy | |
| The Coca-Cola Company | 0.07 | 0.23 | 0.34 | 74 | Consumer Defensive | |
| Chevron Corporation | 0.08 | 0.29 | 0.40 | 70 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.09 | 0.23 | 0.26 | 75 | Energy |
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