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
5 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 0.13, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.13 | 0.26 | 0.42 | 91 | Leveraged Equities, Semiconductors | FRHC vs SOXL | |
| VanEck Semiconductor ETF | 0.16 | 0.27 | 0.43 | 90 | Semiconductors, Technology Equities | FRHC vs SMH | |
| Vanguard High Dividend Yield ETF | 0.19 | 0.28 | 0.39 | 84 | Dividend | FRHC vs VYM | |
| Invesco QQQ ETF | 0.25 | 0.35 | 0.50 | 51 | Nasdaq-100 | FRHC vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.38 | 0.51 | 63 | S&P 500 | FRHC vs SPY |
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 -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.07 | 0.08 | 0.12 | 80 | Healthcare | |
| Berkshire Hathaway Inc. | -0.04 | 0.13 | 0.26 | 51 | Financial Services | |
| Murphy USA Inc. | -0.01 | 0.08 | 0.14 | 79 | Consumer Cyclical | |
| Texas Pacific Land Corporation | 0.03 | 0.17 | 0.21 | 61 | Energy | |
| UFP Technologies, Inc. | 0.04 | 0.11 | 0.20 | 51 | Healthcare |
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