Looking to diversify beyond FNCL? The ETFs below have the lowest correlation with FNCL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FNCL.
Best Diversifiers for FNCL
573 ETFs have low correlation with FNCL (below 0.3), 41 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.05 | 0.10 | 55 | Oil & Gas | FNCL vs UGA | |
| Direxion Daily NFLX Bear 1X Shares | -0.18 | -0.26 | -0.26 | 55 | Inverse Equities | FNCL vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | FNCL vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | FNCL vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.14 | -0.04 | 0.02 | 75 | Commodities | FNCL vs FAAR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNCL and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.66, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.66 | 0.76 | 0.79 | 90 | Financial Services | |
| JPMorgan Chase & Co. | 0.75 | 0.78 | 0.83 | 68 | Financial Services |
Build a portfolio that complements FNCL
Add FNCL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNCL