Looking to balance out your exposure to FCEL? The ETFs below have historically moved differently from FCEL, 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 FCEL
1 ETFs have low correlation with FCEL (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.08, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.22 | 0.30 | 94 | Dividend | FCEL vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.32 | 0.42 | 71 | S&P 500 | FCEL vs SPY | |
| Vanguard S&P 500 ETF | 0.38 | 0.33 | 0.42 | 72 | S&P 500 | FCEL vs VOO | |
| Vanguard Information Technology ETF | 0.43 | 0.33 | 0.43 | 57 | Technology Equities | FCEL vs VGT | |
| Schwab U.S. Small-Cap ETF | 0.46 | 0.46 | 0.55 | 75 | Small Cap Blend Equities | FCEL vs SCHA |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCEL, 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 Marathon Petroleum Corporation (MPC) (Energy) with a 1Y correlation of 0.04, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marathon Petroleum Corporation | 0.04 | 0.08 | 0.14 | 92 | Energy | |
| Datadog, Inc. | 0.16 | 0.18 | 0.33 | 85 | Technology | |
| Intel Corporation | 0.23 | 0.25 | 0.32 | 98 | Technology | |
| First Solar, Inc. | 0.28 | 0.38 | 0.43 | 59 | Technology | |
| GE Vernova Inc. | 0.40 | 0.28 | 0.28 | 77 | Industrials |
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