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
475 ETFs have low correlation with FELG (below 0.3), 98 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 65 | Inverse Equities, Leveraged Equities | FELG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.47 | -0.47 | 56 | Inverse Equities | FELG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | FELG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.36 | 53 | Cryptocurrency | FELG vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.30, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | -0.18 | -0.18 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.30 | -0.21 | -0.21 | 65 | Utilities | |
| The Coca-Cola Company | -0.30 | -0.14 | -0.14 | 82 | Consumer Defensive | |
| Chevron Corporation | -0.28 | -0.07 | -0.07 | 73 | Energy | |
| Chubb Limited | -0.28 | -0.10 | -0.10 | 83 | Financial Services |
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Build a portfolio that complements FELG
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Analyze a portfolio with FELG