Looking to balance out your exposure to FNLC? The ETFs below have the lowest correlation with FNLC — they tend to move on their own, which can help reduce risk when FNLC drops. The stock ideas table highlights individual companies that behave independently from FNLC.
Best Diversifiers for FNLC
2 ETFs have low correlation with FNLC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Clean Energy ETF (ICLN) (Alternative Energy Equities) with a 1Y correlation of 0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | 0.02 | 0.18 | 0.20 | 57 | Alternative Energy Equities | FNLC vs ICLN | |
| Fidelity MSCI Health Care Index ETF | 0.25 | 0.24 | 0.28 | 57 | Health & Biotech Equities | FNLC vs FHLC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNLC and solid risk/return profiles. The least correlated is UMB Financial Corporation (UMBF) (Financial Services) with a 1Y correlation of 0.67, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UMB Financial Corporation | 0.67 | 0.63 | 0.61 | 76 | Financial Services |
Build a portfolio that complements FNLC
Add FNLC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNLC