Looking to balance out your exposure to FCFS? The ETFs below have historically moved differently from FCFS, 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 FCFS
9 ETFs have low correlation with FCFS (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Ultra Short Duration Bond Active ETF | -0.06 | -0.00 | 0.04 | 99 | Ultrashort Bond | FCFS vs ICSH | |
| JPMorgan Ultra-Short Income ETF | -0.04 | -0.00 | 0.02 | 99 | Ultrashort Bond | FCFS vs JPST | |
| State Street Energy Select Sector SPDR ETF | -0.00 | 0.14 | 0.16 | 61 | Energy Equities | FCFS vs XLE | |
| iMGP DBi Managed Futures Strategy ETF | 0.11 | 0.15 | 0.04 | 85 | Systematic Trend | FCFS vs DBMF | |
| iShares Latin American 40 ETF | 0.17 | 0.24 | 0.27 | 72 | Latin America Equities | FCFS vs ILF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCFS, 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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.01 | 0.09 | 0.15 | 63 | Consumer Defensive | |
| American Electric Power Company, Inc. | 0.02 | 0.08 | 0.14 | 69 | Utilities | |
| Nutrien Ltd. | 0.02 | 0.16 | 0.18 | 58 | Basic Materials | |
| Exelon Corporation | 0.03 | 0.09 | 0.14 | 51 | Utilities | |
| McKesson Corporation | 0.05 | 0.06 | 0.14 | 65 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCFS
Add FCFS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCFS