Looking to balance out your exposure to FNMA? The ETFs below have the lowest correlation with FNMA — they tend to move on their own, which can help reduce risk when FNMA drops. The stock ideas table highlights individual companies that behave independently from FNMA.
Best Diversifiers for FNMA
5 ETFs have low correlation with FNMA (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | 0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | FNMA vs BIL | |
| Vanguard High Dividend Yield ETF | 0.11 | 0.15 | 0.18 | 77 | Dividend | FNMA vs VYM | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.18 | 0.21 | 70 | S&P 500 | FNMA vs SPY | |
| Invesco QQQ ETF | 0.16 | 0.17 | 0.21 | 73 | Nasdaq-100 | FNMA vs QQQ | |
| Vanguard S&P 500 ETF | 0.16 | 0.17 | 0.21 | 70 | S&P 500 | FNMA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNMA and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.05 | -0.04 | 53 | Utilities | |
| Walmart Inc. | -0.09 | 0.03 | 0.06 | 63 | Consumer Defensive | |
| CACI International Inc | -0.03 | 0.03 | 0.08 | 60 | Technology | |
| Altria Group, Inc. | -0.03 | -0.02 | 0.02 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.02 | 0.01 | 0.04 | 66 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FNMA
Add FNMA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNMA