Looking to diversify beyond FSMD? The ETFs below have the lowest correlation with FSMD — 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 FSMD.
Best Diversifiers for FSMD
325 ETFs have low correlation with FSMD (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | FSMD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.37 | -0.37 | 68 | Inverse Equities, Leveraged Equities | FSMD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.35 | -0.33 | -0.36 | 57 | Cryptocurrency | FSMD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FSMD vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | FSMD vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSMD and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.03 | 0.18 | 0.30 | 66 | Energy | |
| Verizon Communications Inc. | -0.03 | 0.12 | 0.21 | 57 | Communication Services | |
| Kinder Morgan, Inc. | 0.04 | 0.32 | 0.46 | 77 | Energy | |
| Lockheed Martin Corporation | 0.09 | 0.14 | 0.21 | 59 | Industrials | |
| Bunge Limited | 0.14 | 0.23 | 0.33 | 89 | Consumer Defensive |
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