Looking to balance out your exposure to FCN? The ETFs below have historically moved differently from FCN, 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 FCN
2 ETFs have low correlation with FCN (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.11, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.11 | 0.13 | 0.17 | 78 | S&P 500 | FCN vs SPY | |
| Vanguard S&P 500 ETF | -0.10 | 0.13 | 0.17 | 78 | S&P 500 | FCN vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCN, 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 Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | -0.17 | 0.01 | 0.05 | 75 | Technology | |
| Mizuho Financial Group, Inc. | -0.16 | 0.00 | 0.03 | 91 | Financial Services | |
| VSE Corporation | -0.14 | 0.06 | 0.11 | 70 | Industrials | |
| NovaGold Resources Inc. | -0.13 | 0.00 | 0.04 | 51 | Basic Materials | |
| Banco de Chile | -0.09 | 0.02 | 0.03 | 86 | Financial Services |
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