Looking to diversify beyond FTXL? The ETFs below have historically moved differently from FTXL, 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 FTXL
540 ETFs have low correlation with FTXL (below 0.3), 95 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 58 | Derivative Income | FTXL vs WNTR | |
| SEI Enhanced Low Volatility US Large Cap ETF | -0.19 | 0.17 | 0.32 | 56 | Low Volatility | FTXL vs SELV | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.06 | -0.03 | 100 | Ultrashort Bond | FTXL vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.11 | -0.06 | 100 | Government Bonds, Ultrashort Bond | FTXL vs USFR | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | FTXL vs MMKT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTXL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.34, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.34 | -0.18 | -0.06 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.28 | -0.14 | -0.04 | 63 | Communication Services | |
| The Coca-Cola Company | -0.26 | -0.15 | -0.00 | 86 | Consumer Defensive | |
| Philip Morris International Inc. | -0.24 | -0.10 | 0.03 | 63 | Consumer Defensive | |
| Berkshire Hathaway Inc. Class A | -0.20 | 0.03 | 0.22 | 67 | Financial Services |
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