Looking to diversify beyond FETH? The ETFs below have the lowest correlation with FETH — 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 FETH.
Best Diversifiers for FETH
552 ETFs have low correlation with FETH (below 0.3), 32 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.13 | -0.19 | -0.19 | 55 | Inverse Equities | FETH vs NFXS | |
| United States Gasoline Fund LP | -0.08 | -0.04 | -0.04 | 55 | Oil & Gas | FETH vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | — | — | 100 | Government Bonds, Ultrashort Bond | FETH vs USFR | |
| FlexShares Ultra-Short Income ETF | -0.08 | — | — | 99 | Ultrashort Bond | FETH vs RAVI | |
| Brookstone Ultra-Short Bond ETF | -0.07 | — | — | 98 | Ultrashort Bond | FETH vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FETH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FETH and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | -0.09 | -0.09 | 69 | Financial Services | |
| Altria Group, Inc. | -0.15 | -0.11 | -0.11 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.13 | -0.13 | 62 | Utilities | |
| Walmart Inc. | -0.13 | -0.01 | -0.01 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.12 | -0.12 | -0.12 | 66 | Communication Services |
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