Looking to balance out your exposure to FSBC? The ETFs below have the lowest correlation with FSBC — they tend to move on their own, which can help reduce risk when FSBC drops. The stock ideas table highlights individual companies that behave independently from FSBC.
Best Diversifiers for FSBC
0 ETFs have low correlation with FSBC (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 0.37, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.43 | 0.42 | 55 | S&P 500 | FSBC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSBC and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.05 | 0.13 | 0.16 | 60 | Communication Services | |
| Gold Fields Limited | 0.03 | 0.05 | 0.06 | 65 | Basic Materials | |
| Amphenol Corporation | 0.11 | 0.28 | 0.33 | 81 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.14 | 0.20 | 0.22 | 92 | Technology | |
| AstraZeneca PLC | 0.14 | 0.17 | 0.12 | 81 | Healthcare |
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