Looking to balance out your exposure to FSI? The ETFs below have historically moved differently from FSI, 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 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 0.25, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.23 | 0.21 | 67 | S&P 500 | FSI vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.23 | 0.21 | 68 | S&P 500 | FSI vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSI, 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 Cencora Inc. (COR) (Healthcare) with a 1Y correlation of -0.19, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cencora Inc. | -0.19 | -0.06 | -0.00 | 53 | Healthcare | |
| Altria Group, Inc. | -0.08 | -0.01 | 0.03 | 66 | Consumer Defensive | |
| Welltower Inc. | -0.06 | 0.06 | 0.11 | 89 | Real Estate | |
| Gilead Sciences, Inc. | -0.06 | 0.03 | 0.04 | 65 | Healthcare | |
| Saab AB (publ) | -0.04 | 0.03 | 0.02 | 55 | Industrials |
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