Looking to balance out your exposure to FNMAS? The ETFs below have the lowest correlation with FNMAS — they tend to move on their own, which can help reduce risk when FNMAS drops. The stock ideas table highlights individual companies that behave independently from FNMAS.
No Diversifiers Found for FNMAS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNMAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNMAS and solid risk/return profiles. The least correlated is Hachijuni Bank Ltd ADR (HACBY) (Financial Services) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hachijuni Bank Ltd ADR | -0.05 | -0.02 | -0.02 | 82 | Financial Services | |
| Walmart Inc. | -0.02 | 0.03 | 0.04 | 66 | Consumer Defensive | |
| UCB SA ADR | 0.07 | 0.05 | 0.04 | 83 | Healthcare | |
| Argan, Inc. | 0.07 | 0.09 | 0.07 | 94 | Industrials | |
| Ubiquiti Inc. | 0.09 | 0.11 | 0.08 | 64 | Technology |
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