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
643 ETFs have low correlation with FETH (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.89 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | FETH vs SBIT | |
| ProShares Short Bitcoin ETF | -0.89 | — | — | 57 | Cryptocurrency | FETH vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | — | — | 68 | Inverse Equities, Leveraged Equities | FETH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.77 | — | — | 60 | Inverse Equities | FETH vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | — | — | 70 | Derivative Income | FETH vs WNTR |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.18, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.18 | -0.10 | -0.10 | 53 | Industrials | |
| Chubb Limited | -0.15 | -0.08 | -0.08 | 86 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.11 | -0.11 | 81 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.13 | 0.04 | 0.04 | 53 | Financial Services | |
| Verizon Communications Inc. | -0.13 | -0.12 | -0.12 | 57 | Communication Services |
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