Looking to balance out your exposure to FRCOY? The ETFs below have the lowest correlation with FRCOY — they tend to move on their own, which can help reduce risk when FRCOY drops. The stock ideas table highlights individual companies that behave independently from FRCOY.
Best Diversifiers for FRCOY
1 ETFs have low correlation with FRCOY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.18, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.18 | 0.22 | 0.22 | 51 | Silver, Precious Metals | FRCOY vs SLV | |
| Vanguard S&P 500 ETF | 0.45 | 0.44 | 0.40 | 74 | S&P 500 | FRCOY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.44 | 0.40 | 74 | S&P 500 | FRCOY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRCOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRCOY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | 0.05 | 0.11 | 84 | Energy | |
| Johnson & Johnson | 0.01 | 0.03 | 0.05 | 94 | Healthcare | |
| The Coca-Cola Company | 0.11 | 0.10 | 0.13 | 62 | Consumer Defensive | |
| Walmart Inc. | 0.11 | 0.12 | 0.12 | 66 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.12 | 0.06 | 0.09 | 66 | Healthcare |
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