Looking to diversify beyond FEMS? The ETFs below have the lowest correlation with FEMS — 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 FEMS.
Best Diversifiers for FEMS
394 ETFs have low correlation with FEMS (below 0.3), 33 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.35 | -0.35 | 53 | Inverse Equities | FEMS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 60 | Inverse Equities, Leveraged Equities | FEMS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | FEMS vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.19 | -0.15 | 75 | Leveraged Currency | FEMS vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | FEMS vs IBIC |
See all 2051 diversifiers for FEMS
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