Looking to balance out your exposure to FCN? The ETFs below have the lowest correlation with FCN — they tend to move on their own, which can help reduce risk when FCN drops. The stock ideas table highlights individual companies that behave independently from FCN.
Best Diversifiers for FCN
2 ETFs have low correlation with FCN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.04 | 0.18 | 0.20 | 70 | S&P 500 | FCN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.18 | 0.20 | 70 | S&P 500 | FCN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCN and solid risk/return profiles. The least correlated is NovaGold Resources Inc. (NG) (Basic Materials) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NovaGold Resources Inc. | -0.12 | 0.03 | 0.05 | 78 | Basic Materials | |
| Mizuho Financial Group, Inc. | -0.09 | 0.02 | 0.05 | 86 | Financial Services | |
| Apple Inc | -0.07 | 0.04 | 0.10 | 89 | Technology | |
| Banco de Chile | -0.06 | 0.04 | 0.04 | 66 | Financial Services | |
| VSE Corporation | -0.01 | 0.11 | 0.14 | 62 | Industrials |
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