Looking to balance out your exposure to FELE? The ETFs below have the lowest correlation with FELE — they tend to move on their own, which can help reduce risk when FELE drops. The stock ideas table highlights individual companies that behave independently from FELE.
Best Diversifiers for FELE
3 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 0.11, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Base Metals Fund | 0.11 | 0.18 | 0.21 | 63 | Metals | FELE vs DBB | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.22 | 0.19 | 0.19 | 58 | China Equities, Asia Pacific Equities | FELE vs ASHR | |
| Global X Copper Miners ETF | 0.23 | 0.32 | 0.37 | 54 | Copper | FELE vs COPX | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.53 | 0.61 | 66 | S&P 500 | FELE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FELE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FELE and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | -0.02 | 0.16 | 0.20 | 64 | Communication Services | |
| Essential Utilities, Inc. | 0.13 | 0.23 | 0.31 | 55 | Utilities | |
| American States Water Company | 0.17 | 0.29 | 0.35 | 70 | Utilities | |
| Select Energy Services, Inc. | 0.17 | 0.26 | 0.26 | 93 | Energy | |
| California Water Service Group | 0.20 | 0.28 | 0.34 | 60 | Utilities |
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