Looking to balance out your exposure to FBNC? The ETFs below have the lowest correlation with FBNC — they tend to move on their own, which can help reduce risk when FBNC drops. The stock ideas table highlights individual companies that behave independently from FBNC.
Best Diversifiers for FBNC
1 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 0.19, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.23 | 0.29 | 96 | Semiconductors, Technology Equities | FBNC vs SMH | |
| Vanguard S&P 500 ETF | 0.37 | 0.40 | 0.44 | 74 | S&P 500 | FBNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.40 | 0.44 | 74 | S&P 500 | FBNC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBNC and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.09 | 0.09 | 0.19 | 62 | Consumer Defensive |
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