Looking to balance out your exposure to FRME? The ETFs below have the lowest correlation with FRME — they tend to move on their own, which can help reduce risk when FRME drops. The stock ideas table highlights individual companies that behave independently from FRME.
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 0.40, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.41 | 0.45 | 70 | S&P 500 | FRME vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRME and solid risk/return profiles. The least correlated is Genworth Financial, Inc. (GNW) (Financial Services) with a 1Y correlation of 0.49, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Genworth Financial, Inc. | 0.49 | 0.51 | 0.50 | 62 | Financial Services | |
| Flagstar Financial, Inc. | 0.61 | 0.56 | 0.59 | 61 | Financial Services | |
| East West Bancorp, Inc. | 0.69 | 0.74 | 0.73 | 75 | Financial Services | |
| Webster Financial Corporation | 0.72 | 0.74 | 0.74 | 82 | Financial Services | |
| Axos Financial, Inc. | 0.73 | 0.75 | 0.73 | 58 | Financial Services |
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