Looking to balance out your exposure to FR? The ETFs below have the lowest correlation with FR — they tend to move on their own, which can help reduce risk when FR drops. The stock ideas table highlights individual companies that behave independently from FR.
No Diversifiers Found for FR
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 FR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FR and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.22 | 0.21 | 0.22 | 91 | Healthcare | |
| Xcel Energy Inc. | 0.27 | 0.30 | 0.39 | 76 | Utilities | |
| Union Pacific Corporation | 0.28 | 0.45 | 0.47 | 78 | Industrials | |
| Omega Healthcare Investors, Inc. | 0.29 | 0.37 | 0.41 | 89 | Real Estate | |
| PG&E Corporation | 0.30 | 0.36 | 0.37 | 76 | Utilities |
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