Looking to balance out your exposure to FHI? The ETFs below have the lowest correlation with FHI — they tend to move on their own, which can help reduce risk when FHI drops. The stock ideas table highlights individual companies that behave independently from FHI.
Best Diversifiers for FHI
1 ETFs have low correlation with FHI (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.23, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.23 | 0.20 | — | 52 | Gold | FHI vs GDE | |
| Vanguard S&P 500 ETF | 0.46 | 0.39 | 0.48 | 74 | S&P 500 | FHI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.39 | 0.48 | 74 | S&P 500 | FHI vs SPY | |
| Vanguard Value ETF | 0.56 | 0.50 | 0.58 | 85 | Large Cap Value Equities | FHI vs VTV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHI and solid risk/return profiles. The least correlated is TIM S.A. (TIMB) (Communication Services) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TIM S.A. | 0.09 | 0.13 | 0.18 | 69 | Communication Services | |
| Kinder Morgan, Inc. | 0.16 | 0.24 | 0.34 | 66 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.17 | 0.16 | 0.25 | 95 | Technology | |
| Monolithic Power Systems, Inc. | 0.18 | 0.22 | 0.28 | 93 | Technology | |
| BWX Technologies, Inc. | 0.18 | 0.19 | 0.25 | 73 | Industrials |
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