Looking to balance out your exposure to FET? The ETFs below have historically moved differently from FET, 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 FET
2 ETFs have low correlation with FET (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.20 | 0.18 | 0.22 | 82 | Europe Equities | FET vs EWP | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.23 | 0.22 | 71 | S&P 500 | FET vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FET, 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 Guardant Health, Inc. (GH) (Healthcare) 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 | Sector |
|---|---|---|---|---|---|---|
| Guardant Health, Inc. | 0.05 | 0.17 | 0.16 | 98 | Healthcare | |
| Seagate Technology plc | 0.13 | 0.14 | 0.15 | 99 | Technology | |
| AXIA Energia SA | 0.15 | 0.11 | 0.11 | 93 | Utilities | |
| Micron Technology, Inc. | 0.22 | 0.22 | 0.16 | 99 | Technology | |
| Viasat, Inc. | 0.23 | 0.29 | 0.29 | 96 | Technology |
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