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
4 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 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.18 | 0.22 | 0.31 | 95 | Volatility Hedged Equity, Dividend | FN vs LVHI | |
| iShares MSCI Spain ETF | 0.22 | 0.21 | 0.32 | 78 | Europe Equities | FN vs EWP | |
| WisdomTree Japan Hedged Equity Fund | 0.23 | 0.26 | 0.33 | 94 | Japan Equities, Asia Pacific Equities | FN vs DXJ | |
| iShares International Developed Small Cap Value Fa... | 0.23 | 0.32 | 0.40 | 57 | Small Cap Value Equities | FN vs ISVL | |
| Global X Data Center & Digital Infrastructure ETF | 0.45 | 0.45 | 0.47 | 84 | REIT | FN vs DTCR |
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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 W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.26, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.26 | -0.07 | 0.09 | 59 | Financial Services | |
| Berkshire Hathaway Inc. | -0.19 | 0.03 | 0.19 | 53 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | -0.06 | 0.06 | 75 | Energy | |
| Cboe Global Markets, Inc. | -0.12 | -0.13 | 0.02 | 62 | Financial Services | |
| Murphy USA Inc. | -0.11 | 0.03 | 0.12 | 77 | Consumer Cyclical |
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Build a portfolio that complements FN
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