Looking to diversify beyond FSMD? The ETFs below have historically moved differently from FSMD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSMD
347 ETFs have low correlation with FSMD (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | FSMD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | FSMD vs SMST | |
| ProShares Short Bitcoin ETF | -0.37 | -0.34 | — | 61 | Cryptocurrency | FSMD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FSMD vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | FSMD vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSMD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.09, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.09 | 0.14 | 0.27 | 72 | Energy | |
| Verizon Communications Inc. | -0.05 | 0.11 | 0.20 | 66 | Communication Services | |
| Kinder Morgan, Inc. | 0.03 | 0.31 | 0.44 | 72 | Energy | |
| Lockheed Martin Corporation | 0.08 | 0.13 | 0.21 | 80 | Industrials | |
| Bunge Limited | 0.11 | 0.21 | 0.31 | 78 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSMD
Add FSMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSMD