Looking to diversify beyond FTMH? The ETFs below have historically moved differently from FTMH, 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 FTMH
453 ETFs have low correlation with FTMH (below 0.3), 74 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.28 | -0.28 | -0.28 | 75 | Leveraged Equities | FTMH vs NRGU | |
| United States Gasoline Fund LP | -0.27 | -0.27 | -0.27 | 87 | Oil & Gas | FTMH vs UGA | |
| Direxion Daily Energy Bull 2X Shares | -0.26 | -0.26 | -0.26 | 71 | Energy Equities, Leveraged Equities | FTMH vs ERX | |
| State Street Energy Select Sector SPDR ETF | -0.25 | -0.25 | -0.25 | 76 | Energy Equities | FTMH vs XLE | |
| ProShares Ultra Oil & Gas | -0.24 | -0.24 | -0.24 | 71 | Leveraged Equities | FTMH vs DIG |
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