Looking to balance out your exposure to FE? The ETFs below have historically moved differently from FE, 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 FE
3 ETFs have low correlation with FE (below 0.3), 3 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.10 | 0.04 | 0.21 | 67 | S&P 500 | FE vs SPY | |
| Vanguard S&P 500 ETF | -0.10 | 0.04 | 0.21 | 68 | S&P 500 | FE vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.02 | -0.00 | 100 | Ultrashort Bond | FE vs SGOV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FE, 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 Hewlett Packard Enterprise Company (HPE) (Technology) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hewlett Packard Enterprise Company | -0.13 | -0.09 | 0.03 | 94 | Technology | |
| F5 Networks, Inc. | -0.11 | -0.07 | 0.09 | 66 | Technology | |
| Intel Corporation | -0.10 | 0.01 | 0.10 | 98 | Technology | |
| Qorvo, Inc. | -0.09 | -0.04 | 0.04 | 51 | Technology | |
| LyondellBasell Industries N.V. | -0.04 | 0.09 | 0.18 | 55 | Basic Materials |
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