Looking to diversify beyond FRDM? The ETFs below have the lowest correlation with FRDM — 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 FRDM.
Best Diversifiers for FRDM
311 ETFs have low correlation with FRDM (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.20 | -0.20 | 63 | Leveraged Currency | FRDM vs YCS | |
| United States Gasoline Fund LP | -0.27 | -0.03 | 0.11 | 55 | Oil & Gas | FRDM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | FRDM vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | FRDM vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | 0.03 | 0.03 | 95 | Inflation-Protected Bonds | FRDM vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRDM and solid risk/return profiles. The least correlated is Fortis Inc (FTS) (Utilities) with a 1Y correlation of -0.14, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc | -0.14 | 0.14 | 0.21 | 85 | Utilities | |
| Medical Properties Trust, Inc | 0.11 | 0.24 | 0.28 | 50 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund | 0.21 | 0.32 | 0.40 | 57 | Financial Services | |
| Sun Life Financial Inc. | 0.25 | 0.39 | 0.50 | 73 | Financial Services | |
| Macy's, Inc. | 0.26 | 0.31 | 0.37 | 92 | Consumer Cyclical |
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Build a portfolio that complements FRDM
Add FRDM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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