Looking to balance out your exposure to FCFS? The ETFs below have the lowest correlation with FCFS — they tend to move on their own, which can help reduce risk when FCFS drops. The stock ideas table highlights individual companies that behave independently from FCFS.
Best Diversifiers for FCFS
8 ETFs have low correlation with FCFS (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Ultra Short Duration Bond Active ETF | -0.07 | -0.00 | 0.05 | 99 | Ultrashort Bond | FCFS vs ICSH | |
| JPMorgan Ultra-Short Income ETF | -0.02 | 0.00 | 0.02 | 99 | Ultrashort Bond | FCFS vs JPST | |
| State Street Energy Select Sector SPDR ETF | 0.10 | 0.18 | 0.20 | 63 | Energy Equities | FCFS vs XLE | |
| iMGP DBi Managed Futures Strategy ETF | 0.15 | 0.15 | 0.06 | 83 | Systematic Trend | FCFS vs DBMF | |
| iShares Latin American 40 ETF | 0.17 | 0.24 | 0.28 | 54 | Latin America Equities | FCFS vs ILF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCFS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCFS and solid risk/return profiles. The least correlated is Nextracker Inc (NXT) (Technology) with a 1Y correlation of 0.04, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nextracker Inc | 0.04 | 0.13 | 0.14 | 89 | Technology | |
| Credo Technology Group Holding Ltd | 0.05 | 0.10 | 0.16 | 85 | Technology | |
| Huazhu Group Limited | 0.05 | 0.13 | 0.18 | 70 | Consumer Cyclical | |
| Nutrien Ltd. | 0.06 | 0.17 | 0.20 | 58 | Basic Materials | |
| Walmart Inc. | 0.06 | 0.10 | 0.16 | 63 | Consumer Defensive |
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Build a portfolio that complements FCFS
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