Looking to balance out your exposure to FOR? The ETFs below have the lowest correlation with FOR — they tend to move on their own, which can help reduce risk when FOR drops. The stock ideas table highlights individual companies that behave independently from FOR.
Best Diversifiers for FOR
0 ETFs have low correlation with FOR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.37, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.42 | 0.49 | 74 | S&P 500 | FOR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOR and solid risk/return profiles. The least correlated is Marathon Petroleum Corporation (MPC) (Energy) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marathon Petroleum Corporation | 0.01 | 0.22 | 0.23 | 88 | Energy | |
| Sunoco LP | 0.04 | 0.15 | 0.19 | 80 | Energy | |
| Teekay Tankers Ltd. | 0.07 | 0.17 | 0.14 | 80 | Energy | |
| Frontline Ltd. | 0.09 | 0.15 | 0.15 | 89 | Energy | |
| ASE Technology Holding Co., Ltd. | 0.12 | 0.25 | 0.29 | 99 | Technology |
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