Looking to balance out your exposure to FIZZ? The ETFs below have historically moved differently from FIZZ, 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 FIZZ
2 ETFs have low correlation with FIZZ (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.00, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.00 | 0.11 | 0.25 | 68 | S&P 500 | FIZZ vs VOO | |
| State Street SPDR S&P 500 ETF | -0.00 | 0.11 | 0.25 | 67 | S&P 500 | FIZZ vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIZZ, 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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.28, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.28 | 0.33 | 0.37 | 94 | Consumer Defensive | |
| The Coca-Cola Company | 0.38 | 0.38 | 0.38 | 90 | Consumer Defensive |
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