Looking to balance out your exposure to FINMY? The ETFs below have the lowest correlation with FINMY — they tend to move on their own, which can help reduce risk when FINMY drops. The stock ideas table highlights individual companies that behave independently from FINMY.
Best Diversifiers for FINMY
7 ETFs have low correlation with FINMY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.03 | 0.02 | 100 | Ultrashort Bond | FINMY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.07 | 0.11 | 93 | Inflation-Protected Bonds | FINMY vs VTIP | |
| JPMorgan Ultra-Short Income ETF | 0.01 | 0.03 | 0.04 | 99 | Ultrashort Bond | FINMY vs JPST | |
| Pacific Global Senior Loan ETF | 0.04 | 0.13 | 0.13 | 86 | High Yield Bonds | FINMY vs FLRT | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.06 | 0.08 | 0.14 | 76 | Commodities | FINMY vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FINMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FINMY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.02 | 0.10 | 0.09 | 66 | Consumer Defensive | |
| Exelixis, Inc. | 0.07 | 0.09 | 0.10 | 60 | Healthcare | |
| General Electric Company | 0.25 | 0.24 | 0.24 | 69 | Industrials | |
| BWX Technologies, Inc. | 0.32 | 0.29 | 0.27 | 73 | Industrials | |
| RTX Corporation | 0.32 | 0.26 | 0.28 | 75 | Industrials |
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