Looking to balance out your exposure to FMC? The ETFs below have the lowest correlation with FMC — they tend to move on their own, which can help reduce risk when FMC drops. The stock ideas table highlights individual companies that behave independently from FMC.
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 0.07, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.08 | 0.12 | 93 | Inflation-Protected Bonds | FMC vs VTIP | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.28 | 0.37 | 70 | S&P 500 | FMC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMC and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.03 | 0.14 | 78 | Technology | |
| Johnson & Johnson | 0.05 | 0.15 | 0.18 | 92 | Healthcare | |
| CVS Health Corporation | 0.07 | 0.22 | 0.29 | 80 | Healthcare | |
| Advanced Micro Devices, Inc. | 0.09 | 0.14 | 0.19 | 98 | Technology | |
| Coterra Energy Inc. | 0.11 | 0.20 | 0.29 | 79 | Energy |
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