Looking to balance out your exposure to FNMA? The ETFs below have historically moved differently from FNMA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FNMA
4 ETFs have low correlation with FNMA (below 0.3), 0 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 0.02, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | FNMA vs BIL | |
| Vanguard High Dividend Yield ETF | 0.14 | 0.16 | 0.19 | 90 | Dividend | FNMA vs VYM | |
| Vanguard S&P 500 ETF | 0.21 | 0.19 | 0.22 | 68 | S&P 500 | FNMA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.19 | 0.22 | 67 | S&P 500 | FNMA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FNMA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.15, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.15 | -0.06 | -0.04 | 56 | Utilities | |
| Lockheed Martin Corporation | -0.12 | -0.07 | -0.01 | 80 | Industrials | |
| Walmart Inc. | -0.10 | 0.01 | 0.05 | 62 | Consumer Defensive | |
| Altria Group, Inc. | -0.06 | -0.03 | 0.00 | 66 | Consumer Defensive | |
| CACI International Inc | -0.05 | 0.02 | 0.07 | 51 | Technology |
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