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
320 ETFs have low correlation with FEP (below 0.3), 51 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 -0.59 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 | -0.57 | -0.59 | 51 | Currency | FEP vs UUP | |
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 57 | Cryptocurrency | FEP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | FEP vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 60 | Inverse Equities | FEP vs SMST | |
| ProShares UltraShort Yen | -0.37 | -0.25 | -0.20 | 72 | Leveraged Currency | FEP vs YCS |
See all 2039 diversifiers for FEP
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