Looking to diversify beyond FSEP? The ETFs below have the lowest correlation with FSEP — 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 FSEP.
Best Diversifiers for FSEP
367 ETFs have low correlation with FSEP (below 0.3), 71 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.44 | -0.44 | 60 | Inverse Equities | FSEP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | FSEP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | -0.36 | 57 | Cryptocurrency | FSEP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FSEP vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | FSEP vs WNTR |
See all 2045 diversifiers for FSEP
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