Looking to balance out your exposure to FMBH? The ETFs below have the lowest correlation with FMBH — they tend to move on their own, which can help reduce risk when FMBH drops. The stock ideas table highlights individual companies that behave independently from FMBH.
No Diversifiers Found for FMBH
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMBH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMBH and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.12, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.12 | 0.12 | 0.18 | 63 | Consumer Defensive | |
| Sumitomo Mitsui Financial Group, Inc. | 0.26 | 0.25 | 0.32 | 82 | Financial Services | |
| The Bank of New York Mellon Corporation | 0.28 | 0.45 | 0.51 | 94 | Financial Services | |
| NatWest Group plc | 0.31 | 0.36 | 0.40 | 54 | Financial Services | |
| The Travelers Companies, Inc. | 0.33 | 0.34 | 0.40 | 51 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FMBH
Add FMBH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMBH