Looking to balance out your exposure to FORM? The ETFs below have the lowest correlation with FORM — they tend to move on their own, which can help reduce risk when FORM drops. The stock ideas table highlights individual companies that behave independently from FORM.
Best Diversifiers for FORM
0 ETFs have low correlation with FORM (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Equipment & Services ETF (XES) (Energy Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.36 | 0.32 | 0.32 | 89 | Energy Equities | FORM vs XES | |
| Invesco S&P 500 Momentum ETF | 0.49 | 0.51 | 0.52 | 75 | Momentum, S&P 500 | FORM vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.55 | 0.59 | 70 | S&P 500 | FORM vs SPY | |
| Invesco NASDAQ 100 ETF | 0.55 | 0.60 | 0.64 | 74 | Nasdaq-100 | FORM vs QQQM | |
| VanEck Semiconductor ETF | 0.70 | 0.70 | 0.74 | 96 | Semiconductors, Technology Equities | FORM vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FORM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FORM and solid risk/return profiles. The least correlated is Nordic Semiconductor ASA (NRSDY) (Technology) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordic Semiconductor ASA | 0.02 | 0.02 | — | 89 | Technology | |
| Edison International | 0.09 | 0.08 | 0.11 | 77 | Utilities | |
| Erasca, Inc. | 0.10 | 0.18 | — | 98 | Healthcare | |
| Palvella Therapeutics, Inc | 0.11 | — | — | 96 | Healthcare | |
| Praxis Precision Medicines, Inc. | 0.11 | 0.13 | 0.17 | 98 | Healthcare |
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