Looking to balance out your exposure to FRHC? The ETFs below have the lowest correlation with FRHC — they tend to move on their own, which can help reduce risk when FRHC drops. The stock ideas table highlights individual companies that behave independently from FRHC.
Best Diversifiers for FRHC
4 ETFs have low correlation with FRHC (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.16, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.16 | 0.28 | 0.44 | 96 | Leveraged Equities, Semiconductors | FRHC vs SOXL | |
| VanEck Semiconductor ETF | 0.19 | 0.29 | 0.44 | 95 | Semiconductors, Technology Equities | FRHC vs SMH | |
| Vanguard High Dividend Yield ETF | 0.19 | 0.28 | 0.39 | 79 | Dividend | FRHC vs VYM | |
| ProShares Ultra QQQ | 0.29 | 0.37 | 0.51 | 55 | Leveraged Equities | FRHC vs QLD | |
| Direxion Daily Technology Bull 3X Shares | 0.30 | 0.34 | 0.49 | 66 | Leveraged Equities, Technology Equities | FRHC vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRHC and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.08 | 0.13 | 82 | Healthcare | |
| Murphy USA Inc. | -0.04 | 0.08 | 0.14 | 69 | Consumer Cyclical | |
| Apple Inc | 0.06 | 0.19 | 0.36 | 85 | Technology | |
| Texas Pacific Land Corporation | 0.08 | 0.19 | 0.23 | 56 | Energy | |
| XPEL, Inc. | 0.09 | 0.19 | 0.28 | 66 | Consumer Cyclical |
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Build a portfolio that complements FRHC
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