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
232 ETFs have low correlation with FENI (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.28 | -0.28 | 61 | Leveraged Currency | FENI vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | FENI vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | FENI vs IBIC | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | FENI vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | — | — | 100 | Ultrashort Bond | FENI vs SGOV |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.12 | 0.03 | 0.03 | 61 | Energy | |
| Altria Group, Inc. | -0.10 | 0.05 | 0.05 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.09 | 0.08 | 0.08 | 68 | Energy | |
| Chevron Corporation | -0.09 | 0.07 | 0.07 | 68 | Energy | |
| Energy Transfer LP | -0.06 | 0.17 | 0.17 | 67 | Energy |
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Build a portfolio that complements FENI
Add FENI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FENI