Looking to balance out your exposure to FMX? The ETFs below have the lowest correlation with FMX — they tend to move on their own, which can help reduce risk when FMX drops. The stock ideas table highlights individual companies that behave independently from FMX.
Best Diversifiers for FMX
3 ETFs have low correlation with FMX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.26 | 0.29 | 73 | Nasdaq-100 | FMX vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.29 | 0.34 | 70 | S&P 500 | FMX vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.29 | 0.34 | 70 | S&P 500 | FMX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMX and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of -0.00, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | -0.00 | 0.06 | 0.09 | 55 | Consumer Defensive | |
| Bristol-Myers Squibb Company | 0.00 | 0.04 | 0.11 | 63 | Healthcare | |
| Gilead Sciences, Inc. | 0.03 | 0.10 | 0.16 | 63 | Healthcare | |
| Altria Group, Inc. | 0.07 | 0.09 | 0.17 | 69 | Consumer Defensive | |
| Target Corporation | 0.10 | 0.13 | 0.19 | 71 | Consumer Defensive |
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