Looking to balance out your exposure to FE? The ETFs below have the lowest correlation with FE — they tend to move on their own, which can help reduce risk when FE drops. The stock ideas table highlights individual companies that behave independently from FE.
Best Diversifiers for FE
2 ETFs have low correlation with FE (below 0.3), 2 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 -0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.02 | 0.08 | 0.23 | 74 | S&P 500 | FE vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.08 | 0.23 | 74 | S&P 500 | FE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FE and solid risk/return profiles. The least correlated is F5 Networks, Inc. (FFIV) (Technology) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F5 Networks, Inc. | -0.03 | -0.04 | 0.12 | 69 | Technology | |
| Chevron Corporation | -0.02 | 0.11 | 0.19 | 84 | Energy | |
| Intel Corporation | -0.02 | 0.04 | 0.13 | 98 | Technology | |
| Exxon Mobil Corporation | 0.02 | 0.13 | 0.18 | 86 | Energy | |
| Royal Bank of Canada | 0.04 | 0.19 | 0.26 | 96 | Financial Services |
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