Looking to diversify beyond FEIG? The ETFs below have historically moved differently from FEIG, 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 FEIG
487 ETFs have low correlation with FEIG (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.23 | — | 72 | Oil & Gas | FEIG vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.22 | — | 52 | Oil & Gas | FEIG vs BNO | |
| ProShares UltraShort Yen | -0.42 | -0.44 | — | 56 | Leveraged Currency | FEIG vs YCS | |
| United States Oil Fund LP | -0.41 | -0.23 | — | 55 | Oil & Gas | FEIG vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.22 | — | 58 | Oil & Gas | FEIG vs DBO |
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