Looking to diversify beyond FPEI? The ETFs below have the lowest correlation with FPEI — 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 FPEI.
Best Diversifiers for FPEI
267 ETFs have low correlation with FPEI (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.08 | 0.06 | 71 | Oil & Gas | FPEI vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.07 | 0.05 | 65 | Oil & Gas | FPEI vs BNO | |
| United States Oil Fund LP | -0.30 | -0.07 | 0.06 | 66 | Oil & Gas | FPEI vs USO | |
| United States Gasoline Fund LP | -0.29 | -0.04 | 0.06 | 71 | Oil & Gas | FPEI vs UGA | |
| ProShares UltraShort Yen | -0.29 | -0.14 | -0.14 | 63 | Leveraged Currency | FPEI vs YCS |
See all 2190 diversifiers for FPEI
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