Looking to balance out your exposure to FMNB? The ETFs below have historically moved differently from FMNB, 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 FMNB
1 ETFs have low correlation with FMNB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.29, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.34 | 0.40 | 68 | S&P 500 | FMNB vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.44 | 0.52 | 0.54 | 95 | Dividend | FMNB vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FMNB, 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 Federal Agricultural Mortgage Corporation Class C (AGM) (Financial Services) with a 1Y correlation of 0.42, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Federal Agricultural Mortgage Corporation Class C | 0.42 | 0.54 | 0.55 | 73 | Financial Services |
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