Looking to diversify beyond FCTE? The ETFs below have historically moved differently from FCTE, 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 FCTE
296 ETFs have low correlation with FCTE (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.15 | -0.15 | 72 | Oil & Gas | FCTE vs DBE | |
| United States Brent Oil Fund LP | -0.30 | — | — | 52 | Oil & Gas | FCTE vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.12 | -0.12 | 58 | Oil & Gas | FCTE vs DBO | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.25 | -0.25 | 56 | Options Trading | FCTE vs CAOS | |
| ProShares Short Bitcoin ETF | -0.25 | -0.28 | -0.28 | 61 | Cryptocurrency | FCTE vs BITI |
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