Looking to balance out your exposure to FHN? The ETFs below have the lowest correlation with FHN — they tend to move on their own, which can help reduce risk when FHN drops. The stock ideas table highlights individual companies that behave independently from FHN.
Best Diversifiers for FHN
0 ETFs have low correlation with FHN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.35, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.35 | 0.33 | 0.33 | 73 | Nasdaq-100 | FHN vs QQQ | |
| Avantis International Equity ETF | 0.37 | 0.41 | 0.41 | 54 | Foreign Large Cap Equities | FHN vs AVDE | |
| Capital Group Dividend Value ETF | 0.47 | 0.50 | — | 76 | Large Cap Value Equities, Dividend | FHN vs CGDV | |
| Vanguard S&P 500 ETF | 0.49 | 0.46 | 0.45 | 70 | S&P 500 | FHN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.46 | 0.45 | 70 | S&P 500 | FHN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FHN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHN and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.08 | 0.07 | 0.08 | 72 | Healthcare | |
| Credicorp Ltd. | 0.29 | 0.32 | 0.33 | 80 | Financial Services | |
| Prologis, Inc. | 0.35 | 0.36 | 0.28 | 83 | Real Estate | |
| RLJ Lodging Trust | 0.45 | 0.41 | 0.42 | 83 | Real Estate | |
| Washington Federal, Inc. | 0.70 | 0.68 | 0.64 | 70 | Financial Services |
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