Looking to diversify beyond FQAL? The ETFs below have the lowest correlation with FQAL — 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 FQAL.
Best Diversifiers for FQAL
341 ETFs have low correlation with FQAL (below 0.3), 69 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.43 | -0.43 | 60 | Inverse Equities | FQAL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | FQAL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | -0.36 | 57 | Cryptocurrency | FQAL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FQAL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | FQAL vs WNTR |
See all 2045 diversifiers for FQAL
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