Looking to diversify beyond FYEE? The ETFs below have the lowest correlation with FYEE — 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 FYEE.
Best Diversifiers for FYEE
408 ETFs have low correlation with FYEE (below 0.3), 70 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 56 | Inverse Equities | FYEE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 65 | Inverse Equities, Leveraged Equities | FYEE vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | — | — | 53 | Cryptocurrency | FYEE vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | FYEE vs WNTR | |
| Invesco DB Energy Fund | -0.24 | — | — | 57 | Oil & Gas | FYEE vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FYEE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FYEE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.16 | — | — | 88 | Energy |
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