Looking to diversify beyond FEPI? The ETFs below have historically moved differently from FEPI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FEPI
640 ETFs have low correlation with FEPI (below 0.3), 155 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.56 | — | — | 52 | Inverse Equities | FEPI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.56 | — | — | 61 | Inverse Equities, Leveraged Equities | FEPI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.55 | — | — | 61 | Cryptocurrency | FEPI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.55 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FEPI vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.55 | — | — | 75 | Derivative Income | FEPI vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FEPI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.39, down from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.39 | -0.27 | -0.27 | 56 | Utilities | |
| Chubb Limited | -0.38 | -0.15 | -0.15 | 89 | Financial Services | |
| Altria Group, Inc. | -0.37 | -0.21 | -0.21 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.36 | — | — | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.33 | -0.20 | -0.20 | 97 | Healthcare |
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