Looking to balance out your exposure to FRSH? The ETFs below have the lowest correlation with FRSH — they tend to move on their own, which can help reduce risk when FRSH drops. The stock ideas table highlights individual companies that behave independently from FRSH.
Best Diversifiers for FRSH
1 ETFs have low correlation with FRSH (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.40 | — | 74 | S&P 500 | FRSH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRSH and solid risk/return profiles. The least correlated is Onto Innovation Inc. (ONTO) (Technology) with a 1Y correlation of 0.09, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Onto Innovation Inc. | 0.09 | 0.20 | — | 94 | Technology | |
| Planet Labs PBC | 0.13 | 0.35 | — | 99 | Industrials | |
| Proto Labs, Inc. | 0.25 | 0.36 | — | 91 | Industrials | |
| DigitalOcean Holdings, Inc. | 0.37 | 0.46 | — | 98 | Technology | |
| Palo Alto Networks, Inc. | 0.41 | 0.41 | 0.47 | 69 | Technology |
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