Looking to balance out your exposure to FND? The ETFs below have the lowest correlation with FND — they tend to move on their own, which can help reduce risk when FND drops. The stock ideas table highlights individual companies that behave independently from FND.
Best Diversifiers for FND
1 ETFs have low correlation with FND (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.24 | 0.30 | 0.45 | 83 | Technology Equities | FND vs XLK | |
| Vanguard S&P 500 ETF | 0.42 | 0.45 | 0.55 | 70 | S&P 500 | FND vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.45 | 0.55 | 70 | S&P 500 | FND vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FND and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.07 | 0.10 | 0.14 | 83 | Energy | |
| The Coca-Cola Company | 0.13 | 0.15 | 0.19 | 66 | Consumer Defensive | |
| PepsiCo, Inc. | 0.24 | 0.23 | 0.23 | 56 | Consumer Defensive | |
| Bank of America Corporation | 0.30 | 0.32 | 0.37 | 64 | Financial Services | |
| Citigroup Inc. | 0.31 | 0.33 | 0.38 | 91 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FND
Add FND to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FND