Looking to diversify beyond FEPI? The ETFs below have the lowest correlation with FEPI — 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 FEPI.
Best Diversifiers for FEPI
507 ETFs have low correlation with FEPI (below 0.3), 89 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.55, roughly unchanged from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.55 | -0.53 | -0.53 | 53 | Inverse Equities | FEPI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.55 | — | — | 60 | Inverse Equities, Leveraged Equities | FEPI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.53 | — | — | 65 | Derivative Income | FEPI vs WNTR | |
| iShares Core High Dividend ETF | -0.24 | — | — | 72 | Dividend, Large Cap Value Equities | FEPI vs HDV | |
| Direxion Daily NFLX Bear 1X Shares | -0.22 | — | — | 60 | Inverse Equities | FEPI vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEPI and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.38, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.38 | -0.26 | -0.26 | 63 | Utilities | |
| Waste Management, Inc. | -0.35 | -0.09 | -0.09 | 51 | Industrials | |
| Altria Group, Inc. | -0.35 | — | — | 79 | Consumer Defensive | |
| The Coca-Cola Company | -0.34 | — | — | 82 | Consumer Defensive | |
| Chubb Limited | -0.34 | -0.12 | -0.12 | 83 | Financial Services |
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