Looking to diversify beyond FEBP? The ETFs below have the lowest correlation with FEBP — 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 FEBP.
Best Diversifiers for FEBP
292 ETFs have low correlation with FEBP (below 0.3), 33 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.46, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | -0.49 | -0.49 | 51 | Derivative Income | FEBP vs WNTR | |
| United States Gasoline Fund LP | -0.22 | — | — | 60 | Oil & Gas | FEBP vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | FEBP vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | FEBP vs RBIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.20 | — | — | 63 | Inverse Equities | FEBP vs NFXS |
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