Looking to diversify beyond FESM? The ETFs below have historically moved differently from FESM, 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 FESM
367 ETFs have low correlation with FESM (below 0.3), 86 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | FESM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 52 | Inverse Equities | FESM vs SMST | |
| ProShares Short Bitcoin ETF | -0.46 | — | — | 61 | Cryptocurrency | FESM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FESM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | FESM vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FESM, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.10 | 0.10 | 84 | Energy | |
| The TJX Companies, Inc. | 0.11 | 0.30 | 0.30 | 83 | Consumer Cyclical | |
| Merck & Co., Inc. | 0.16 | 0.12 | 0.12 | 96 | Healthcare | |
| Visa Inc. | 0.18 | — | — | 53 | Financial Services | |
| Amgen Inc. | 0.25 | 0.32 | 0.32 | 80 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FESM
Add FESM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FESM