Looking to diversify beyond FENI? The ETFs below have the lowest correlation with FENI — 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 FENI.
Best Diversifiers for FENI
245 ETFs have low correlation with FENI (below 0.3), 49 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | — | — | 75 | Leveraged Currency | FENI vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.34 | -0.34 | 53 | Inverse Equities | FENI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | FENI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 65 | Derivative Income | FENI vs WNTR | |
| United States Gasoline Fund LP | -0.26 | — | — | 72 | Oil & Gas | FENI vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FENI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FENI and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.14 | 0.08 | 0.08 | 51 | Industrials | |
| Occidental Petroleum Corporation | -0.12 | 0.06 | 0.06 | 60 | Energy | |
| ConocoPhillips Company | -0.12 | 0.04 | 0.04 | 63 | Energy | |
| Devon Energy Corporation | -0.12 | 0.08 | 0.08 | 69 | Energy | |
| Altria Group, Inc. | -0.10 | 0.04 | 0.04 | 79 | Consumer Defensive |
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