Looking to diversify beyond FUTY? The ETFs below have historically moved differently from FUTY, 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 FUTY
1969 ETFs have low correlation with FUTY (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.17 | -0.14 | 56 | Leveraged Currency | FUTY vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.12 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FUTY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.12 | -0.13 | — | 61 | Cryptocurrency | FUTY vs BITI | |
| Invesco DB Energy Fund | -0.11 | -0.05 | 0.03 | 72 | Oil & Gas | FUTY vs DBE | |
| Fidelity Cloud Computing ETF | -0.11 | 0.06 | — | 56 | Technology Equities, Cloud Computing | FUTY vs FCLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FUTY, 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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.11 | 0.01 | 0.08 | 88 | Technology | |
| CrowdStrike Holdings, Inc. | -0.10 | -0.00 | 0.07 | 80 | Technology | |
| Valero Energy Corporation | -0.09 | 0.07 | 0.11 | 98 | Energy | |
| Fortinet, Inc. | -0.06 | 0.07 | 0.15 | 81 | Technology | |
| Amazon.com, Inc | -0.03 | 0.03 | 0.15 | 60 | Consumer Cyclical |
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