Looking to balance out your exposure to FNB? The ETFs below have the lowest correlation with FNB — they tend to move on their own, which can help reduce risk when FNB drops. The stock ideas table highlights individual companies that behave independently from FNB.
Best Diversifiers for FNB
0 ETFs have low correlation with FNB (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 0.53, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.53 | 0.50 | 0.55 | 70 | S&P 500 | FNB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNB and solid risk/return profiles. The least correlated is Absa Group Ltd ADR (AGRPY) (Financial Services) 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 |
|---|---|---|---|---|---|---|
| Absa Group Ltd ADR | 0.00 | 0.07 | 0.09 | 85 | Financial Services | |
| Annaly Capital Management, Inc. | 0.42 | 0.48 | 0.50 | 76 | Real Estate | |
| Principal Financial Group, Inc. | 0.59 | 0.65 | 0.71 | 81 | Financial Services | |
| The PNC Financial Services Group, Inc. | 0.80 | 0.80 | 0.79 | 72 | Financial Services | |
| Regions Financial Corporation | 0.83 | 0.84 | 0.84 | 73 | Financial Services |
Build a portfolio that complements FNB
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