Looking to diversify beyond FENI? The ETFs below have historically moved differently from FENI, 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 FENI
287 ETFs have low correlation with FENI (below 0.3), 75 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 | -0.43 | — | — | 51 | Cryptocurrency | FENI vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 69 | Derivative Income | FENI vs WNTR | |
| ProShares UltraShort Yen | -0.37 | — | — | 59 | Leveraged Currency | FENI vs YCS | |
| Invesco DB Energy Fund | -0.33 | -0.12 | -0.12 | 66 | Oil & Gas | FENI vs DBE | |
| Invesco DB Oil Fund | -0.29 | -0.09 | -0.09 | 51 | Oil & Gas | FENI vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FENI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.18 | 0.06 | 0.06 | 78 | Energy | |
| ConocoPhillips Company | -0.17 | 0.01 | 0.01 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.16 | 0.04 | 0.04 | 68 | Energy | |
| Chevron Corporation | -0.16 | 0.05 | 0.05 | 79 | Energy | |
| Altria Group, Inc. | -0.15 | 0.03 | 0.03 | 66 | Consumer Defensive |
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