Looking to diversify beyond FEGE? The ETFs below have the lowest correlation with FEGE — 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 FEGE.
Best Diversifiers for FEGE
323 ETFs have low correlation with FEGE (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.21 | -0.21 | 63 | Leveraged Currency | FEGE vs YCS | |
| Invesco DB Energy Fund | -0.26 | -0.13 | -0.13 | 71 | Oil & Gas | FEGE vs DBE | |
| United States Oil Fund LP | -0.24 | -0.12 | -0.12 | 66 | Oil & Gas | FEGE vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.11 | -0.11 | 65 | Oil & Gas | FEGE vs BNO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | -0.17 | -0.17 | 98 | Inflation-Protected Bonds | FEGE vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEGE and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.32 | 0.38 | 0.38 | 86 | Technology | |
| Micron Technology, Inc. | 0.34 | 0.41 | 0.41 | 99 | Technology | |
| Amazon.com, Inc | 0.38 | 0.40 | 0.40 | 63 | Consumer Cyclical | |
| Bank of America Corporation | 0.38 | 0.40 | 0.40 | 66 | Financial Services |
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