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
389 ETFs have low correlation with FELG (below 0.3), 47 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | FELG vs IBIC | |
| Direxion Daily NFLX Bear 1X Shares | -0.24 | -0.40 | -0.40 | 55 | Inverse Equities | FELG vs NFXS | |
| United States Gasoline Fund LP | -0.22 | -0.05 | -0.05 | 55 | Oil & Gas | FELG vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | FELG vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 95 | Inflation-Protected Bonds | FELG vs IBID |
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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 -0.26, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.21 | -0.21 | 62 | Utilities | |
| Exxon Mobil Corporation | -0.26 | -0.07 | -0.07 | 72 | Energy | |
| The Coca-Cola Company | -0.26 | -0.13 | -0.13 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.25 | -0.16 | -0.16 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.25 | -0.05 | -0.05 | 70 | Energy |
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Build a portfolio that complements FELG
Add FELG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FELG