Looking to balance out your exposure to FEIM? The ETFs below have the lowest correlation with FEIM — they tend to move on their own, which can help reduce risk when FEIM drops. The stock ideas table highlights individual companies that behave independently from FEIM.
Best Diversifiers for FEIM
0 ETFs have low correlation with FEIM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.46, up from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.46 | 0.37 | 0.27 | 70 | S&P 500 | FEIM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEIM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEIM and solid risk/return profiles. The least correlated is Fortive Corporation (FTV) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortive Corporation | 0.08 | 0.15 | 0.15 | 54 | Technology | |
| Insmed Incorporated | 0.09 | 0.15 | 0.12 | 62 | Healthcare | |
| NatWest Group plc | 0.21 | 0.18 | 0.14 | 54 | Financial Services | |
| Innodata Inc. | 0.32 | 0.22 | 0.17 | 78 | Technology | |
| Rocket Lab USA, Inc. | 0.38 | 0.27 | — | 93 | Industrials |
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