Looking to balance out your exposure to FMG.AX? The ETFs below have the lowest correlation with FMG.AX — they tend to move on their own, which can help reduce risk when FMG.AX drops. The stock ideas table highlights individual companies that behave independently from FMG.AX.
Best Diversifiers for FMG.AX
0 ETFs have low correlation with FMG.AX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Australian Shares High Yield ETF (VHY.AX) (Dividend) with a 1Y correlation of 0.33, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Australian Shares High Yield ETF | 0.33 | 0.46 | 0.52 | 58 | Dividend | FMG.AX vs VHY.AX |
Diversification Analysis
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