Looking to balance out your exposure to FCPT? The ETFs below have historically moved differently from FCPT, 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 FCPT
2 ETFs have low correlation with FCPT (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Global Tech ETF (IXN) (Technology Equities) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Tech ETF | -0.22 | -0.01 | 0.15 | 66 | Technology Equities | FCPT vs IXN | |
| Vanguard S&P 500 ETF | -0.02 | 0.20 | 0.31 | 72 | S&P 500 | FCPT vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.50 | 0.50 | 95 | Dividend | FCPT vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCPT, 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 Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | -0.00 | 0.17 | 0.21 | 76 | Utilities | |
| Chevron Corporation | 0.10 | 0.13 | 0.18 | 76 | Energy | |
| Macerich Company | 0.36 | 0.43 | 0.46 | 90 | Real Estate | |
| CareTrust REIT, Inc. | 0.43 | 0.45 | 0.51 | 77 | Real Estate | |
| NNN REIT, Inc. | 0.67 | 0.73 | 0.75 | 71 | Real Estate |
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