Looking to diversify beyond FSEP? The ETFs below have historically moved differently from FSEP, 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 FSEP
393 ETFs have low correlation with FSEP (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.35 | — | 51 | Cryptocurrency | FSEP vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 69 | Derivative Income | FSEP vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.10 | 0.06 | 66 | Oil & Gas | FSEP vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.07 | 0.06 | 51 | Oil & Gas | FSEP vs DBO | |
| United States Gasoline Fund, LP | -0.22 | -0.08 | 0.05 | 83 | Oil & Gas | FSEP vs UGA |
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