Looking to balance out your exposure to FENC? The ETFs below have the lowest correlation with FENC — they tend to move on their own, which can help reduce risk when FENC drops. The stock ideas table highlights individual companies that behave independently from FENC.
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 0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.03 | 0.11 | 0.17 | 67 | Energy Equities | FENC vs VDE |
Diversification Analysis
Build a portfolio that complements FENC
Add FENC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FENC