Looking to diversify beyond FCEF? The ETFs below have the lowest correlation with FCEF — 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 FCEF.
Best Diversifiers for FCEF
331 ETFs have low correlation with FCEF (below 0.3), 45 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FCEF vs SBIT | |
| ProShares Short Bitcoin ETF | -0.45 | -0.31 | -0.34 | 57 | Cryptocurrency | FCEF vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 53 | Inverse Equities | FCEF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | FCEF vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | FCEF vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCEF and solid risk/return profiles. The least correlated is Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | 0.37 | 0.41 | 0.40 | 90 | Financial Services |
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