Looking to balance out your exposure to FENC? The ETFs below have historically moved differently from FENC, 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 FENC
1 ETFs have low correlation with FENC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.05 | 0.11 | 0.16 | 76 | Energy Equities | FENC vs VDE |
Diversification Analysis
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