Looking to balance out your exposure to FSBW? The ETFs below have the lowest correlation with FSBW — they tend to move on their own, which can help reduce risk when FSBW drops. The stock ideas table highlights individual companies that behave independently from FSBW.
Best Diversifiers for FSBW
1 ETFs have low correlation with FSBW (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Convertible Bond ETF (ICVT) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 0.11 | 0.22 | 0.23 | 88 | Preferred Stock/Convertible Bonds | FSBW vs ICVT | |
| Vanguard S&P 500 ETF | 0.31 | 0.26 | 0.29 | 74 | S&P 500 | FSBW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSBW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSBW and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.13 | 0.09 | 0.12 | 66 | Consumer Defensive | |
| Credicorp Ltd. | 0.15 | 0.22 | 0.24 | 82 | Financial Services | |
| Nexstar Media Group, Inc. | 0.24 | 0.28 | 0.28 | 52 | Communication Services | |
| First Horizon Corporation | 0.41 | 0.47 | 0.45 | 68 | Financial Services | |
| First Citizens BancShares, Inc. | 0.47 | 0.42 | 0.42 | 52 | Financial Services |
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