Looking to diversify beyond FOWF? The ETFs below have the lowest correlation with FOWF — 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 FOWF.
Best Diversifiers for FOWF
368 ETFs have low correlation with FOWF (below 0.3), 30 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 60 | Inverse Equities, Leveraged Equities | FOWF vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 53 | Inverse Equities | FOWF vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | FOWF vs WNTR | |
| ProShares UltraShort Yen | -0.23 | — | — | 75 | Leveraged Currency | FOWF vs YCS | |
| United States Gasoline Fund LP | -0.15 | — | — | 72 | Oil & Gas | FOWF vs UGA |
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