Looking to balance out your exposure to FRSH? The ETFs below have historically moved differently from FRSH, 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 FRSH
2 ETFs have low correlation with FRSH (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.09, down from 0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.09 | 0.21 | — | 90 | Semiconductors, Technology Equities | FRSH vs SOXX | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.37 | — | 67 | S&P 500 | FRSH vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRSH, 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 IREN Limited (IREN) (Financial Services) with a 1Y correlation of -0.10, down from 0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | -0.10 | 0.18 | — | 78 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.09 | 0.13 | — | 87 | Technology | |
| Onto Innovation Inc. | -0.04 | 0.15 | 0.27 | 93 | Technology | |
| Planet Labs PBC | 0.02 | 0.32 | — | 92 | Industrials | |
| Proto Labs, Inc. | 0.14 | 0.32 | — | 90 | Industrials |
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