Looking to diversify beyond FENY? The ETFs below have the lowest correlation with FENY — 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 FENY.
Best Diversifiers for FENY
1874 ETFs have low correlation with FENY (below 0.3), 1259 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.31, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.31 | -0.10 | — | 68 | Municipal Bonds | FENY vs BSMW | |
| Avantis Credit ETF | -0.31 | — | — | 53 | Global Bonds | FENY vs AVGB | |
| BNY Mellon Ultra Short Income ETF | -0.30 | -0.14 | -0.09 | 99 | Ultrashort Bond | FENY vs BKUI | |
| MFS Active Intermediate Muni Bond ETF | -0.27 | -0.15 | -0.15 | 78 | Municipal Bonds | FENY vs MFSM | |
| Vanguard Short Duration Bond ETF Shares | -0.26 | -0.22 | -0.22 | 83 | Short-Term Bond | FENY vs VSDB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FENY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FENY and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.14 | 0.11 | 0.27 | 78 | Industrials | |
| Amazon.com, Inc | -0.13 | 0.01 | 0.08 | 54 | Consumer Cyclical | |
| Howmet Aerospace Inc. | -0.12 | 0.13 | 0.30 | 85 | Industrials | |
| Broadcom Inc. | -0.11 | 0.04 | 0.14 | 72 | Technology | |
| Lam Research Corporation | -0.11 | 0.07 | 0.18 | 98 | Technology |
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