Looking to diversify beyond FYC? The ETFs below have historically moved differently from FYC, 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 FYC
389 ETFs have low correlation with FYC (below 0.3), 100 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | FYC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 52 | Inverse Equities | FYC vs SMST | |
| ProShares Short Bitcoin ETF | -0.48 | -0.40 | — | 61 | Cryptocurrency | FYC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FYC vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | FYC 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 FYC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BrightSpring Health Services, Inc | 0.47 | — | — | 98 | Healthcare |
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