Looking to diversify beyond FEOE? The ETFs below have the lowest correlation with FEOE — 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 FEOE.
Best Diversifiers for FEOE
233 ETFs have low correlation with FEOE (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.57, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.57 | -0.52 | -0.52 | 51 | Currency | FEOE vs UUP | |
| ProShares UltraShort Yen | -0.42 | — | — | 72 | Leveraged Currency | FEOE vs YCS | |
| ProShares Short Bitcoin ETF | -0.38 | -0.35 | -0.35 | 57 | Cryptocurrency | FEOE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FEOE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 60 | Inverse Equities | FEOE vs SMST |
See all 2039 diversifiers for FEOE
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