Looking to balance out your exposure to FN? The ETFs below have historically moved differently from FN, 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 FN
4 ETFs have low correlation with FN (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.14, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.14 | 0.07 | 0.22 | 92 | Large Cap Value Equities, Dividend | FN vs FDL | |
| Franklin International Low Volatility High Dividen... | 0.18 | 0.22 | 0.31 | 97 | Dividend, Low Volatility | FN vs LVHI | |
| iShares MSCI Spain ETF | 0.24 | 0.22 | 0.31 | 88 | Europe Equities | FN vs EWP | |
| iShares International Developed Small Cap Value Fa... | 0.24 | 0.31 | 0.39 | 78 | Small Cap Value Equities | FN vs ISVL | |
| WisdomTree Japan Hedged Equity Fund | 0.30 | 0.29 | 0.35 | 93 | Japan Equities, Asia Pacific Equities | FN vs DXJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FN, 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 W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.26 | -0.07 | 0.08 | 56 | Financial Services | |
| Berkshire Hathaway Inc. | -0.21 | 0.03 | 0.18 | 61 | Financial Services | |
| Cboe Global Markets, Inc. | -0.15 | -0.14 | 0.00 | 69 | Financial Services | |
| Exxon Mobil Corporation | -0.14 | -0.06 | 0.05 | 84 | Energy | |
| Primerica, Inc. | -0.12 | 0.13 | 0.28 | 73 | Financial Services |
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