Looking to balance out your exposure to FET? The ETFs below have the lowest correlation with FET — they tend to move on their own, which can help reduce risk when FET drops. The stock ideas table highlights individual companies that behave independently from FET.
Best Diversifiers for FET
2 ETFs have low correlation with FET (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.19 | 0.19 | 0.23 | 55 | Europe Equities | FET vs EWP | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.22 | 0.23 | 70 | S&P 500 | FET vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FET and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | 0.09 | 0.13 | 0.15 | 99 | Technology | |
| AXIA Energia SA | 0.16 | 0.15 | 0.12 | 88 | Utilities | |
| Korea Electric Power Corporation | 0.17 | 0.13 | 0.13 | 52 | Utilities | |
| NVIDIA Corporation | 0.17 | 0.09 | 0.10 | 78 | Technology | |
| Micron Technology, Inc. | 0.20 | 0.20 | 0.16 | 99 | Technology |
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