Looking to diversify beyond FPEI? The ETFs below have historically moved differently from FPEI, 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 FPEI
266 ETFs have low correlation with FPEI (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.11 | 0.04 | 54 | Oil & Gas | FPEI vs DBE | |
| ProShares UltraShort Yen | -0.32 | -0.15 | -0.14 | 56 | Leveraged Currency | FPEI vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 58 | Derivative Income | FPEI vs WNTR | |
| United States Gasoline Fund, LP | -0.30 | -0.07 | 0.05 | 72 | Oil & Gas | FPEI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.04 | 0.08 | 51 | Commodities | FPEI vs GSG |
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