Looking to diversify beyond FCAL? The ETFs below have the lowest correlation with FCAL — 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 FCAL.
Best Diversifiers for FCAL
1799 ETFs have low correlation with FCAL (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.24 | -0.25 | 61 | Leveraged Currency | FCAL vs YCS | |
| Bastion Energy ETF | -0.23 | — | — | 75 | Energy Equities | FCAL vs BESF | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.20 | -0.05 | -0.02 | 53 | Commodities | FCAL vs FTGC | |
| VanEck Commodity Strategy ETF | -0.19 | -0.06 | — | 55 | Commodities | FCAL vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.17 | -0.06 | -0.06 | 50 | Commodities | FCAL vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCAL and solid risk/return profiles. The least correlated is Callaway Golf Company (CALY) (Consumer Cyclical) with a 1Y correlation of 0.05, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Callaway Golf Company | 0.05 | 0.07 | 0.08 | 89 | Consumer Cyclical |
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