Looking to diversify beyond FSOL? The ETFs below have the lowest correlation with FSOL — 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 FSOL.
Best Diversifiers for FSOL
767 ETFs have low correlation with FSOL (below 0.3), 57 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.74, roughly unchanged from -0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.74 | -0.74 | -0.74 | 70 | Derivative Income | FSOL vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.25 | -0.25 | 51 | Currency | FSOL vs UUP | |
| Direxion Daily NFLX Bear 1X Shares | -0.17 | -0.17 | -0.17 | 59 | Inverse Equities | FSOL vs NFXS | |
| Invesco DB Energy Fund | -0.16 | -0.16 | -0.16 | 53 | Oil & Gas | FSOL vs DBE | |
| Return Stacked Bonds & Futures Yield ETF | -0.15 | -0.15 | -0.15 | 51 | Multistrategy | FSOL vs RSBY |
See all 2004 diversifiers for FSOL
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Diversification Analysis
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