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
240 ETFs have low correlation with FPE (below 0.3), 74 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.06 | 0.04 | 66 | Oil & Gas | FPE vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.05 | 0.03 | 65 | Oil & Gas | FPE vs BNO | |
| Invesco DB Energy Fund | -0.29 | -0.06 | 0.04 | 71 | Oil & Gas | FPE vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | FPE vs USOY | |
| Invesco DB Oil Fund | -0.28 | -0.04 | 0.04 | 65 | Oil & Gas | FPE vs DBO |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.11 | 0.15 | 59 | Communication Services | |
| Permian Resources Corporation | -0.04 | 0.15 | — | 81 | Energy | |
| The Coca-Cola Company | 0.01 | 0.11 | 0.18 | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.03 | 0.09 | 0.14 | 92 | Healthcare | |
| Merck & Co., Inc. | 0.12 | 0.08 | 0.09 | 87 | Healthcare |
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