Looking to diversify beyond FPFD? The ETFs below have the lowest correlation with FPFD — 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 FPFD.
Best Diversifiers for FPFD
279 ETFs have low correlation with FPFD (below 0.3), 67 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FPFD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.42 | -0.23 | -0.23 | 57 | Cryptocurrency | FPFD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | FPFD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | -0.30 | -0.30 | 53 | Inverse Equities | FPFD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | FPFD vs WNTR |
See all 2058 diversifiers for FPFD
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