Looking to diversify beyond FTXL? The ETFs below have the lowest correlation with FTXL — 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 FTXL.
Best Diversifiers for FTXL
525 ETFs have low correlation with FTXL (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.30 | -0.34 | 57 | Cryptocurrency | FTXL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FTXL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.35 | -0.35 | 68 | Inverse Equities, Leveraged Equities | FTXL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.37 | -0.37 | 60 | Inverse Equities | FTXL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | -0.33 | -0.33 | 70 | Derivative Income | FTXL vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTXL and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.38, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.38 | -0.12 | 0.04 | 53 | Industrials | |
| Altria Group, Inc. | -0.32 | -0.17 | -0.05 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.27 | -0.14 | -0.04 | 57 | Communication Services | |
| Duke Energy Corporation | -0.27 | -0.19 | -0.09 | 66 | Utilities | |
| The Coca-Cola Company | -0.23 | -0.15 | 0.01 | 83 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FTXL
Add FTXL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTXL