Looking to diversify beyond FHEQ? The ETFs below have the lowest correlation with FHEQ — 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 FHEQ.
Best Diversifiers for FHEQ
327 ETFs have low correlation with FHEQ (below 0.3), 39 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | FHEQ vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | FHEQ vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | -0.00 | -0.00 | 99 | Ultrashort Bond | FHEQ vs CSHP | |
| ProShares UltraShort Yen | -0.17 | 0.01 | 0.01 | 61 | Leveraged Currency | FHEQ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | FHEQ vs USFR |
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