Looking to diversify beyond FCG? The ETFs below have historically moved differently from FCG, 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 FCG
2125 ETFs have low correlation with FCG (below 0.3), 1669 of which are negatively correlated. The least correlated is Avantis Short-Term Fixed Income ETF (AVSF) (Short-Term Bond) with a 1Y correlation of -0.33, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Short-Term Fixed Income ETF | -0.33 | -0.12 | -0.06 | 72 | Short-Term Bond | FCG vs AVSF | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.33 | -0.12 | — | 65 | Municipal Bonds | FCG vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.32 | -0.23 | -0.23 | 76 | Municipal Bonds | FCG vs FMUB | |
| Vanguard Short Duration Bond ETF Shares | -0.32 | — | — | 89 | Short-Term Bond | FCG vs VSDB | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.32 | — | — | 64 | Municipal Bonds | FCG vs BSMY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCG, 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 Hubbell Incorporated (HUBB) (Industrials) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hubbell Incorporated | -0.05 | 0.15 | 0.24 | 54 | Industrials | |
| Global Net Lease, Inc. | 0.04 | 0.19 | 0.28 | 87 | Real Estate | |
| Northwest Natural Holding Company | 0.06 | 0.13 | 0.17 | 80 | Utilities | |
| TechnipFMC plc | 0.41 | 0.55 | 0.64 | 96 | Energy | |
| Cheniere Energy, Inc. | 0.55 | 0.53 | 0.57 | 57 | Energy |
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