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
258 ETFs have low correlation with FEZ (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.22 | -0.17 | 61 | Leveraged Currency | FEZ vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | FEZ vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | FEZ vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | FEZ vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | 0.00 | 0.00 | 99 | Ultrashort Bond | FEZ vs CSHP |
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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 -0.18, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.18 | 0.04 | 0.17 | 61 | Energy | |
| Chevron Corporation | -0.15 | 0.05 | 0.18 | 68 | Energy | |
| Exxon Mobil Corporation | -0.14 | 0.04 | 0.17 | 68 | Energy | |
| Energy Transfer LP | -0.10 | 0.16 | 0.29 | 67 | Energy | |
| Altria Group, Inc. | -0.10 | 0.05 | 0.15 | 70 | Consumer Defensive |
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