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
1 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 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | 0.07 | 0.19 | 0.21 | 78 | Alternative Energy Equities | FNLC vs ICLN |
Diversification Analysis
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