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
273 ETFs have low correlation with FEP (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.19 | 63 | Leveraged Currency | FEP vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.05 | 0.10 | 55 | Oil & Gas | FEP vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | FEP vs RBIL | |
| TCW AAA CLO ETF | -0.17 | — | — | 99 | CLO | FEP vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FEP vs IBIC |
See all 1943 diversifiers for FEP
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Diversification Analysis
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