Looking to diversify beyond FYT? The ETFs below have historically moved differently from FYT, 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 FYT
476 ETFs have low correlation with FYT (below 0.3), 53 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 | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | FYT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 52 | Inverse Equities | FYT vs SMST | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.11 | — | 56 | Options Trading | FYT vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | -0.28 | -0.28 | 75 | Derivative Income | FYT vs WNTR | |
| ProShares Short Bitcoin ETF | -0.24 | -0.28 | — | 61 | Cryptocurrency | FYT vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FYT, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.02, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.02 | 0.28 | 0.38 | 80 | Energy | |
| Exxon Mobil Corporation | 0.02 | 0.26 | 0.35 | 84 | Energy | |
| Shell plc | 0.07 | 0.26 | 0.34 | 80 | Energy | |
| Cisco Systems, Inc. | 0.16 | 0.34 | 0.45 | 93 | Technology |
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