Looking to diversify beyond FPE? The ETFs below have historically moved differently from FPE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FPE
280 ETFs have low correlation with FPE (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.24 | — | 61 | Cryptocurrency | FPE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | FPE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | FPE vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FPE vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | FPE vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.13, down from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.13 | 0.11 | — | 84 | Energy | |
| Verizon Communications Inc. | -0.09 | 0.08 | 0.14 | 66 | Communication Services | |
| The Coca-Cola Company | -0.06 | 0.09 | 0.17 | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.04 | 0.09 | 0.13 | 97 | Healthcare | |
| Arch Capital Group Ltd. | -0.03 | 0.07 | 0.14 | 67 | Financial Services |
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