Looking to diversify beyond FEP? The ETFs below have the lowest correlation with FEP — 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 FEP.
Best Diversifiers for FEP
337 ETFs have low correlation with FEP (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.26 | -0.19 | 63 | Leveraged Currency | FEP vs YCS | |
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.12 | 71 | Oil & Gas | FEP vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.03 | 0.11 | 65 | Oil & Gas | FEP vs BNO | |
| United States Oil Fund LP | -0.29 | -0.03 | 0.12 | 66 | Oil & Gas | FEP vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | FEP vs USOY |
See all 2182 diversifiers for FEP
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Diversification Analysis
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