Looking to diversify beyond FELG? The ETFs below have historically moved differently from FELG, 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 FELG
548 ETFs have low correlation with FELG (below 0.3), 124 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | FELG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.46 | — | — | 51 | Cryptocurrency | FELG vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.29 | -0.09 | -0.09 | 52 | Derivative Income, Dividend | FELG vs XOMO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | FELG vs IBIC | |
| Invesco DB Energy Fund | -0.27 | -0.07 | -0.07 | 66 | Oil & Gas | FELG vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FELG, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.34, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.34 | -0.20 | -0.20 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.34 | -0.22 | -0.22 | 52 | Utilities | |
| The Coca-Cola Company | -0.32 | -0.15 | -0.15 | 87 | Consumer Defensive | |
| Chubb Limited | -0.29 | -0.11 | -0.11 | 87 | Financial Services | |
| Exxon Mobil Corporation | -0.29 | -0.10 | -0.10 | 85 | Energy |
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