Looking to diversify beyond FESM? The ETFs below have the lowest correlation with FESM — 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 FESM.
Best Diversifiers for FESM
326 ETFs have low correlation with FESM (below 0.3), 55 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 60 | Inverse Equities, Leveraged Equities | FESM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 53 | Inverse Equities | FESM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 65 | Derivative Income | FESM vs WNTR | |
| United States Gasoline Fund LP | -0.19 | — | — | 72 | Oil & Gas | FESM vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | — | — | 100 | Government Bonds, Ultrashort Bond | FESM vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FESM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FESM and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | 0.11 | 0.11 | 71 | Energy | |
| The TJX Companies, Inc. | 0.15 | 0.31 | 0.31 | 79 | Consumer Cyclical | |
| Merck & Co., Inc. | 0.20 | — | — | 90 | Healthcare | |
| Amgen Inc. | 0.28 | — | — | 72 | Healthcare | |
| Apple Inc | 0.31 | 0.31 | 0.31 | 90 | Technology |
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