Looking to balance out your exposure to FSCO? The ETFs below have historically moved differently from FSCO, 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 FSCO
59 ETFs have low correlation with FSCO (below 0.3), 4 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR Premium Inc... | -0.09 | — | — | 89 | Energy Equities | FSCO vs XLEI | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.00 | — | 100 | Ultrashort Bond | FSCO vs SGOV | |
| Alerian MLP ETF | -0.04 | 0.10 | — | 66 | MLPs | FSCO vs AMLP | |
| First Trust Alternative Absolute Return Strategy E... | -0.04 | -0.02 | — | 65 | Commodities | FSCO vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | 0.00 | 0.01 | — | 77 | Commodities | FSCO vs CMDT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSCO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.00 | — | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | -0.00 | 0.04 | 66 | Communication Services | |
| MPLX LP | -0.05 | 0.08 | 0.10 | 79 | Energy | |
| Oxford Lane Capital Corp. | -0.04 | 0.08 | — | 97 | Financial Services | |
| Berkshire Hathaway Inc. | 0.03 | 0.13 | 0.16 | 61 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSCO
Add FSCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSCO