Looking to balance out your exposure to FMCB? The ETFs below have the lowest correlation with FMCB — they tend to move on their own, which can help reduce risk when FMCB drops. The stock ideas table highlights individual companies that behave independently from FMCB.
Best Diversifiers for FMCB
1 ETFs have low correlation with FMCB (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.11 | 0.08 | 80 | Dividend | FMCB vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMCB and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.14 | -0.06 | -0.03 | 83 | Energy | |
| Altria Group, Inc. | 0.00 | -0.00 | 0.01 | 69 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.04 | 0.04 | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.02 | 0.02 | 0.02 | 92 | Healthcare | |
| H2O America | 0.03 | 0.05 | 0.04 | 52 | Utilities |
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