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
261 ETFs have low correlation with FEGE (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, down from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.36 | -0.36 | 51 | Currency | FEGE vs UUP | |
| ProShares Short Bitcoin ETF | -0.41 | -0.38 | -0.38 | 57 | Cryptocurrency | FEGE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FEGE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | FEGE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.37 | -0.37 | 60 | Inverse Equities | FEGE vs SMST |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.30 | — | — | 71 | Technology | |
| Micron Technology, Inc. | 0.32 | 0.38 | 0.38 | 99 | Technology | |
| Bank of America Corporation | 0.32 | 0.36 | 0.36 | 79 | Financial Services | |
| Amazon.com, Inc | 0.38 | 0.41 | 0.41 | 54 | Consumer Cyclical |
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