Looking to diversify beyond FYLD? The ETFs below have historically moved differently from FYLD, 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 FYLD
433 ETFs have low correlation with FYLD (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.23 | -0.20 | 56 | Leveraged Currency | FYLD vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 58 | Derivative Income | FYLD vs WNTR | |
| TCW AAA CLO ETF | -0.13 | -0.05 | -0.05 | 99 | CLO | FYLD vs ACLO | |
| Cambria Tactical Yield ETF | -0.12 | -0.07 | -0.07 | 99 | Tactical Allocation | FYLD vs TYLD | |
| Texas Capital Government Money Market ETF | -0.12 | -0.01 | -0.01 | 100 | Money Market | FYLD 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 FYLD, 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 The Toronto-Dominion Bank (TD) (Financial Services) with a 1Y correlation of 0.38, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Toronto-Dominion Bank | 0.38 | 0.51 | 0.62 | 98 | Financial Services |
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