Looking to diversify beyond FELV? The ETFs below have historically moved differently from FELV, 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 FELV
318 ETFs have low correlation with FELV (below 0.3), 48 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | — | — | 51 | Cryptocurrency | FELV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 69 | Derivative Income | FELV vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.10 | -0.10 | 66 | Oil & Gas | FELV vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.06 | -0.06 | 51 | Oil & Gas | FELV vs DBO | |
| United States Gasoline Fund, LP | -0.22 | -0.07 | -0.07 | 83 | Oil & Gas | FELV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FELV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.04 | — | — | 87 | Consumer Defensive | |
| Johnson & Johnson | 0.09 | — | — | 96 | Healthcare | |
| Pfizer Inc. | 0.36 | — | — | 62 | Healthcare |
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