Looking to balance out your exposure to FELE? The ETFs below have historically moved differently from FELE, 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 FELE
4 ETFs have low correlation with FELE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco DB Base Metals Fund (DBB) (Metals) with a 1Y correlation of 0.08, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Base Metals Fund | 0.08 | 0.16 | 0.20 | 77 | Metals | FELE vs DBB | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.17 | 0.18 | 0.18 | 54 | China Equities, Asia Pacific Equities | FELE vs ASHR | |
| Global X Copper Miners ETF | 0.21 | 0.31 | 0.36 | 76 | Copper | FELE vs COPX | |
| State Street Health Care Select Sector SPDR ETF | 0.27 | 0.38 | 0.44 | 72 | Health & Biotech Equities | FELE vs XLV | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.52 | 0.61 | 67 | S&P 500 | FELE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FELE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | -0.02 | 0.15 | 0.20 | 61 | Communication Services | |
| Select Energy Services, Inc. | 0.14 | 0.25 | 0.25 | 92 | Energy | |
| Essential Utilities, Inc. | 0.15 | 0.24 | 0.31 | 62 | Utilities | |
| American States Water Company | 0.18 | 0.29 | 0.35 | 75 | Utilities | |
| California Water Service Group | 0.23 | 0.29 | 0.35 | 61 | Utilities |
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