Looking to diversify beyond FNCL? The ETFs below have historically moved differently from FNCL, 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 FNCL
688 ETFs have low correlation with FNCL (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.11 | 0.08 | 72 | Oil & Gas | FNCL vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.10 | 0.07 | 52 | Oil & Gas | FNCL vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.10 | 0.08 | 58 | Oil & Gas | FNCL vs DBO | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 52 | Inverse Equities | FNCL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | FNCL vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNCL, 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 The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.60, down from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.60 | 0.73 | 0.78 | 81 | Financial Services | |
| JPMorgan Chase & Co. | 0.73 | 0.77 | 0.82 | 71 | Financial Services |
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