Looking to balance out your exposure to FBNC? The ETFs below have historically moved differently from FBNC, 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 FBNC
2 ETFs have low correlation with FBNC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.12 | 0.20 | 0.28 | 87 | Semiconductors, Technology Equities | FBNC vs SMH | |
| Vanguard S&P 500 ETF | 0.30 | 0.38 | 0.43 | 68 | S&P 500 | FBNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.38 | 0.43 | 67 | S&P 500 | FBNC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBNC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.08, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.08 | 0.08 | 0.18 | 90 | Consumer Defensive | |
| Lloyds Banking Group plc | 0.28 | 0.31 | 0.38 | 85 | Financial Services |
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