Looking to diversify beyond FEIG? The ETFs below have the lowest correlation with FEIG — 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 FEIG.
Best Diversifiers for FEIG
460 ETFs have low correlation with FEIG (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.41 | — | 51 | Currency | FEIG vs UUP | |
| ProShares UltraShort Yen | -0.44 | -0.43 | -0.45 | 72 | Leveraged Currency | FEIG vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.21 | — | 53 | Oil & Gas | FEIG vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.19 | -0.11 | 78 | Oil & Gas | FEIG vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.15 | -0.08 | 51 | Commodities | FEIG vs GSG |
See all 2039 diversifiers for FEIG
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