Looking to diversify beyond FELG? The ETFs below have the lowest correlation with FELG — 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 FELG.
Best Diversifiers for FELG
455 ETFs have low correlation with FELG (below 0.3), 101 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | — | — | 66 | Oil & Gas | FELG vs USO | |
| Invesco DB Energy Fund | -0.32 | — | — | 71 | Oil & Gas | FELG vs DBE | |
| United States Brent Oil Fund LP | -0.31 | — | — | 65 | Oil & Gas | FELG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | FELG vs USOY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.29 | -0.10 | — | 98 | Inflation-Protected Bonds | FELG vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FELG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FELG and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.20 | -0.20 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.24 | -0.07 | -0.07 | 85 | Energy | |
| Altria Group, Inc. | -0.24 | -0.15 | -0.15 | 67 | Consumer Defensive | |
| ConocoPhillips Company | -0.23 | -0.06 | -0.06 | 76 | Energy | |
| Chevron Corporation | -0.23 | -0.05 | -0.05 | 83 | Energy |
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Build a portfolio that complements FELG
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Analyze a portfolio with FELG