Looking to balance out your exposure to FN? The ETFs below have the lowest correlation with FN — they tend to move on their own, which can help reduce risk when FN drops. The stock ideas table highlights individual companies that behave independently from FN.
Best Diversifiers for FN
5 ETFs have low correlation with FN (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin International Low Volatility High Dividend Index ETF (LVHI) (Volatility Hedged Equity) with a 1Y correlation of 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.18 | 0.23 | 0.32 | 91 | Volatility Hedged Equity, Dividend | FN vs LVHI | |
| iShares MSCI Spain ETF | 0.23 | 0.22 | 0.32 | 60 | Europe Equities | FN vs EWP | |
| iShares International Developed Small Cap Value Fa... | 0.23 | 0.32 | 0.40 | 57 | Small Cap Value Equities | FN vs ISVL | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.29 | 0.34 | 0.38 | 52 | Gold | FN vs GDE | |
| WisdomTree Japan Hedged Equity Fund | 0.30 | 0.28 | 0.36 | 90 | Japan Equities | FN vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FN and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.17, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.17 | -0.14 | 0.02 | 71 | Financial Services | |
| Exxon Mobil Corporation | -0.17 | -0.05 | 0.07 | 86 | Energy | |
| Murphy USA Inc. | -0.10 | 0.04 | 0.13 | 64 | Consumer Cyclical | |
| Orange S.A | -0.10 | -0.11 | 0.01 | 87 | Communication Services | |
| MSCI Inc. | -0.05 | 0.13 | 0.28 | 53 | Financial Services |
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Build a portfolio that complements FN
Add FN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FN