Looking to diversify beyond FVAL? The ETFs below have historically moved differently from FVAL, 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 FVAL
365 ETFs have low correlation with FVAL (below 0.3), 87 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | FVAL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | FVAL vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FVAL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.44 | -0.36 | — | 61 | Cryptocurrency | FVAL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | FVAL vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FVAL, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.44, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.44 | 0.46 | 0.53 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.50 | 0.51 | 0.56 | 87 | Technology |
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