Looking to balance out your exposure to FRBA? The ETFs below have historically moved differently from FRBA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
No Diversifiers Found for FRBA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRBA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | -0.07 | 0.07 | 0.08 | 74 | Basic Materials | |
| Gold Fields Limited | -0.02 | 0.03 | 0.04 | 64 | Basic Materials | |
| CVS Health Corporation | 0.01 | 0.15 | 0.22 | 94 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.02 | 0.11 | 0.17 | 87 | Technology | |
| NVIDIA Corporation | 0.04 | 0.09 | 0.17 | 56 | Technology |
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