Looking to diversify beyond FEZ? The ETFs below have the lowest correlation with FEZ — 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 FEZ.
Best Diversifiers for FEZ
270 ETFs have low correlation with FEZ (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.21 | -0.18 | 75 | Leveraged Currency | FEZ vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 53 | Inverse Equities | FEZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 60 | Inverse Equities, Leveraged Equities | FEZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | FEZ vs WNTR | |
| United States Gasoline Fund LP | -0.31 | -0.10 | 0.04 | 72 | Oil & Gas | FEZ vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEZ and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.19, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.19 | 0.02 | 0.17 | 63 | Energy | |
| Devon Energy Corporation | -0.17 | 0.08 | 0.23 | 69 | Energy | |
| Occidental Petroleum Corporation | -0.16 | 0.04 | 0.18 | 60 | Energy | |
| Chevron Corporation | -0.16 | 0.05 | 0.20 | 67 | Energy | |
| Waste Management, Inc. | -0.13 | 0.06 | 0.20 | 51 | Industrials |
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