Looking to balance out your exposure to FSI? The ETFs below have the lowest correlation with FSI — they tend to move on their own, which can help reduce risk when FSI drops. The stock ideas table highlights individual companies that behave independently from FSI.
Best Diversifiers for FSI
2 ETFs have low correlation with FSI (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 0.23, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.22 | 0.21 | 74 | S&P 500 | FSI vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.22 | 0.21 | 74 | S&P 500 | FSI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.01 | -0.00 | 0.03 | 73 | Consumer Defensive | |
| Gilead Sciences, Inc. | -0.01 | 0.01 | 0.04 | 65 | Healthcare | |
| Welltower Inc. | 0.01 | 0.09 | 0.12 | 80 | Real Estate | |
| Rhythm Pharmaceuticals, Inc. | 0.05 | 0.08 | 0.07 | 63 | Healthcare | |
| Corteva, Inc. | 0.07 | 0.18 | 0.20 | 51 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSI
Add FSI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSI