Looking to diversify beyond FITE? The ETFs below have the lowest correlation with FITE — 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 FITE.
Best Diversifiers for FITE
440 ETFs have low correlation with FITE (below 0.3), 49 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.13, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.13 | -0.03 | — | 98 | Commodities | FITE vs BWET | |
| Invesco DB Energy Fund | -0.13 | 0.00 | 0.11 | 71 | Oil & Gas | FITE vs DBE | |
| United States Oil Fund LP | -0.11 | 0.01 | 0.10 | 66 | Oil & Gas | FITE vs USO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 100 | Ultrashort Bond | FITE vs CSHP | |
| Roundhill Weekly T-Bill ETF | -0.11 | — | — | 99 | Ultrashort Bond | FITE vs WEEK |
See all 2190 diversifiers for FITE
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