Looking to diversify beyond FYLD? The ETFs below have the lowest correlation with FYLD — 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 FYLD.
Best Diversifiers for FYLD
452 ETFs have low correlation with FYLD (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.23 | -0.19 | 63 | Leveraged Currency | FYLD vs YCS | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.02 | -0.01 | 100 | Ultrashort Bond | FYLD vs SGOV | |
| Cambria Tactical Yield ETF | -0.11 | — | — | 99 | FYLD vs TYLD | ||
| iShares Treasury Floating Rate Bond ETF | -0.10 | -0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FYLD vs TFLO | |
| Roundhill Weekly T-Bill ETF | -0.09 | -0.05 | -0.05 | 99 | Ultrashort Bond | FYLD vs WEEK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FYLD and solid risk/return profiles. The least correlated is The Toronto-Dominion Bank (TD) (Financial Services) with a 1Y correlation of 0.41, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Toronto-Dominion Bank | 0.41 | 0.54 | 0.63 | 98 | Financial Services |
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