Looking to diversify beyond FELV? The ETFs below have the lowest correlation with FELV — 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 FELV.
Best Diversifiers for FELV
365 ETFs have low correlation with FELV (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | — | — | 71 | Oil & Gas | FELV vs DBE | |
| United States Oil Fund LP | -0.26 | — | — | 66 | Oil & Gas | FELV vs USO | |
| United States Brent Oil Fund LP | -0.25 | — | — | 65 | Oil & Gas | FELV vs BNO | |
| United States 12 Month Oil Fund LP | -0.24 | — | — | 56 | Oil & Gas | FELV vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | — | — | 55 | Oil & Gas | FELV vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FELV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FELV and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.11 | — | — | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.15 | — | — | 92 | Healthcare | |
| Pfizer Inc. | 0.40 | — | — | 61 | Healthcare |
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