Looking to balance out your exposure to FRME? The ETFs below have historically moved differently from FRME, 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 FRME
0 ETFs have low correlation with FRME (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 0.31, down from 0.44 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 | 0.31 | 0.40 | 0.44 | 68 | S&P 500 | FRME vs VOO | |
| SPDR Bloomberg Short Term High Yield Bond ETF | 0.39 | 0.39 | 0.41 | 73 | High Yield Bonds | FRME vs SJNK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRME, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.03 | 0.12 | 0.20 | 72 | Energy | |
| Alliant Energy Corporation | 0.18 | 0.26 | 0.28 | 68 | Utilities | |
| Bristol-Myers Squibb Company | 0.20 | 0.24 | 0.24 | 92 | Healthcare | |
| Genworth Financial, Inc. | 0.51 | 0.51 | 0.49 | 76 | Financial Services | |
| First Citizens BancShares, Inc. | 0.60 | 0.57 | 0.57 | 55 | Financial Services |
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