Looking to balance out your exposure to FCNCA? The ETFs below have the lowest correlation with FCNCA — they tend to move on their own, which can help reduce risk when FCNCA drops. The stock ideas table highlights individual companies that behave independently from FCNCA.
Best Diversifiers for FCNCA
1 ETFs have low correlation with FCNCA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.10, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.10 | 0.26 | 0.35 | 96 | Semiconductors, Technology Equities | FCNCA vs SOXQ | |
| Vanguard S&P 500 ETF | 0.32 | 0.40 | 0.50 | 63 | S&P 500 | FCNCA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.40 | 0.50 | 63 | S&P 500 | FCNCA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCNCA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCNCA and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.02 | 0.07 | 0.15 | 67 | Consumer Cyclical | |
| Arista Networks, Inc. | 0.01 | 0.18 | 0.24 | 79 | Technology | |
| Palo Alto Networks, Inc. | 0.03 | 0.18 | 0.24 | 71 | Technology | |
| Talen Energy Corporation | 0.03 | 0.15 | 0.14 | 68 | Utilities | |
| Broadcom Inc. | 0.03 | 0.19 | 0.28 | 71 | Technology |
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