Looking to balance out your exposure to FSCO? The ETFs below have the lowest correlation with FSCO — they tend to move on their own, which can help reduce risk when FSCO drops. The stock ideas table highlights individual companies that behave independently from FSCO.
Best Diversifiers for FSCO
59 ETFs have low correlation with FSCO (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.00 | — | 100 | Ultrashort Bond | FSCO vs SGOV | |
| Alerian MLP ETF | -0.04 | 0.10 | — | 54 | MLPs | FSCO vs AMLP | |
| First Trust Alternative Absolute Return Strategy E... | -0.01 | -0.01 | — | 64 | Commodities | FSCO vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | 0.00 | 0.02 | 0.02 | 66 | Commodities | FSCO vs CMDT | |
| T. Rowe Price Ultra Short-Term Bond ETF | 0.04 | 0.02 | — | 99 | Ultrashort Bond | FSCO vs TBUX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSCO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | -0.01 | — | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | -0.00 | 0.04 | 57 | Communication Services | |
| MPLX LP | -0.04 | 0.09 | 0.10 | 82 | Energy | |
| Oxford Lane Capital Corp. | -0.03 | 0.08 | — | 96 | Financial Services | |
| Berkshire Hathaway Inc. | 0.04 | 0.12 | 0.16 | 53 | Financial Services |
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Build a portfolio that complements FSCO
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