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
258 ETFs have low correlation with FPEI (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.05 | 58 | Oil & Gas | FPEI vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.13 | -0.14 | 67 | Leveraged Currency | FPEI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.29 | -0.29 | 61 | Inverse Equities, Leveraged Equities | FPEI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.29 | -0.29 | 53 | Inverse Equities | FPEI vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | FPEI vs WNTR |
See all 2151 diversifiers for FPEI
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