Looking to diversify beyond FSTA? The ETFs below have the lowest correlation with FSTA — 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 FSTA.
Best Diversifiers for FSTA
1923 ETFs have low correlation with FSTA (below 0.3), 807 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.77, roughly unchanged from -0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.77 | -0.77 | -0.77 | 99 | Leveraged Equities, Semiconductors | FSTA vs MUU | |
| ProShares Ultra Semiconductors | -0.37 | -0.12 | 0.09 | 70 | Leveraged Equities, Semiconductors | FSTA vs USD | |
| Pacer Data and Digital Revolution ETF | -0.36 | -0.05 | — | 64 | Technology Equities | FSTA vs TRFK | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.35 | — | — | 57 | Technology Equities | FSTA vs FAI | |
| TCW Artificial Intelligence ETF | -0.33 | — | — | 88 | Technology Equities | FSTA vs AIFD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSTA and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.33, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.33 | -0.13 | -0.01 | 83 | Technology | |
| NVIDIA Corporation | -0.31 | -0.12 | 0.05 | 65 | Technology | |
| CrowdStrike Holdings, Inc. | -0.27 | -0.05 | 0.05 | 77 | Technology | |
| Marvell Technology, Inc. | -0.25 | -0.06 | 0.09 | 94 | Technology | |
| Micron Technology, Inc. | -0.25 | -0.09 | 0.07 | 99 | Technology |
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