Looking to balance out your exposure to FRBA? The ETFs below have the lowest correlation with FRBA — they tend to move on their own, which can help reduce risk when FRBA drops. The stock ideas table highlights individual companies that behave independently from FRBA.
No Diversifiers Found for FRBA
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 FRBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRBA and solid risk/return profiles. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | -0.01 | 0.08 | 0.09 | 77 | Basic Materials | |
| Gold Fields Limited | -0.00 | 0.04 | 0.04 | 67 | Basic Materials | |
| CVS Health Corporation | 0.02 | 0.15 | 0.22 | 92 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.04 | 0.13 | 0.18 | 92 | Technology | |
| NVIDIA Corporation | 0.05 | 0.11 | 0.17 | 65 | Technology |
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