Looking to balance out your exposure to FMC? The ETFs below have historically moved differently from FMC, 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 FMC
2 ETFs have low correlation with FMC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.07 | 0.11 | 88 | Inflation-Protected Bonds | FMC vs VTIP | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.26 | 0.35 | 78 | S&P 500 | FMC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FMC, 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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | 0.02 | 0.20 | 0.27 | 93 | Healthcare | |
| Johnson & Johnson | 0.04 | 0.15 | 0.17 | 96 | Healthcare | |
| NVIDIA Corporation | 0.05 | 0.03 | 0.13 | 61 | Technology | |
| Advanced Micro Devices, Inc. | 0.08 | 0.13 | 0.16 | 94 | Technology | |
| Huron Consulting Group Inc. | 0.08 | 0.14 | 0.19 | 59 | Industrials |
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