Looking to balance out your exposure to FRCOY? The ETFs below have historically moved differently from FRCOY, 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.
Best Diversifiers for FRCOY
0 ETFs have low correlation with FRCOY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.43 | 0.40 | 72 | S&P 500 | FRCOY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.43 | 0.40 | 71 | S&P 500 | FRCOY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRCOY, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | -0.02 | 0.08 | 84 | Energy | |
| Chevron Corporation | -0.12 | 0.02 | 0.10 | 72 | Energy | |
| Johnson & Johnson | -0.04 | 0.02 | 0.03 | 96 | Healthcare | |
| Visa Inc. | 0.01 | 0.16 | 0.21 | 56 | Financial Services | |
| AbbVie Inc. | 0.01 | 0.08 | 0.07 | 73 | Healthcare |
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