Looking to balance out your exposure to FCBC? The ETFs below have the lowest correlation with FCBC — they tend to move on their own, which can help reduce risk when FCBC drops. The stock ideas table highlights individual companies that behave independently from FCBC.
Best Diversifiers for FCBC
0 ETFs have low correlation with FCBC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Zacks Multi-Asset Income ETF (CVY) (Diversified Portfolio) with a 1Y correlation of 0.50, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Zacks Multi-Asset Income ETF | 0.50 | 0.53 | 0.53 | 50 | Diversified Portfolio, Dividend | FCBC vs CVY | |
| iShares Select Dividend ETF | 0.51 | 0.55 | 0.57 | 64 | Large Cap Value Equities, Dividend | FCBC vs DVY | |
| Invesco KBW Bank ETF | 0.51 | 0.61 | 0.61 | 56 | Financials Equities | FCBC vs KBWB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCBC and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.03 | 0.20 | 0.24 | 72 | Energy | |
| The Williams Companies, Inc. | 0.07 | 0.21 | 0.25 | 75 | Energy | |
| Verizon Communications Inc. | 0.13 | 0.12 | 0.16 | 66 | Communication Services | |
| Cisco Systems, Inc. | 0.18 | 0.23 | 0.28 | 93 | Technology | |
| Target Corporation | 0.29 | 0.30 | 0.29 | 78 | Consumer Defensive |
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