Looking to diversify beyond FPE? The ETFs below have the lowest correlation with FPE — 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 FPE.
Best Diversifiers for FPE
238 ETFs have low correlation with FPE (below 0.3), 71 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | FPE vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.23 | — | 57 | Cryptocurrency | FPE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | FPE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 60 | Inverse Equities | FPE vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.36 | -0.31 | -0.33 | 51 | Currency | FPE vs UUP |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPE and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.09, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.09 | 0.12 | — | 79 | Energy | |
| Verizon Communications Inc. | -0.08 | 0.09 | 0.14 | 57 | Communication Services | |
| The Coca-Cola Company | -0.03 | 0.10 | 0.17 | 83 | Consumer Defensive | |
| Arch Capital Group Ltd. | 0.01 | 0.08 | 0.15 | 68 | Financial Services | |
| Johnson & Johnson | 0.02 | 0.09 | 0.13 | 97 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FPE
Add FPE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPE