Looking to diversify beyond FELC? The ETFs below have the lowest correlation with FELC — 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 FELC.
Best Diversifiers for FELC
368 ETFs have low correlation with FELC (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 53 | Inverse Equities | FELC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 60 | Inverse Equities, Leveraged Equities | FELC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 65 | Derivative Income | FELC vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | FELC vs RSBY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | FELC vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FELC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FELC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.08 | -0.08 | 79 | Consumer Defensive | |
| Waste Management, Inc. | -0.23 | 0.06 | 0.06 | 51 | Industrials | |
| Duke Energy Corporation | -0.22 | -0.09 | -0.09 | 63 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.03 | -0.03 | 82 | Consumer Defensive | |
| Chevron Corporation | -0.19 | 0.04 | 0.04 | 67 | Energy |
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Build a portfolio that complements FELC
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Analyze a portfolio with FELC