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 | 0.23 | 0.21 | 66 | S&P 500 | FSI vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.23 | 0.21 | 66 | 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 Gilead Sciences, Inc. (GILD) (Healthcare) with a 1Y correlation of -0.07, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gilead Sciences, Inc. | -0.07 | 0.02 | 0.04 | 69 | Healthcare | |
| Altria Group, Inc. | -0.06 | -0.01 | 0.03 | 81 | Consumer Defensive | |
| Welltower Inc. | -0.02 | 0.08 | 0.12 | 92 | Real Estate | |
| Singapore Telecommunications PK | -0.01 | 0.06 | 0.05 | 60 | Communication Services | |
| Rhythm Pharmaceuticals, Inc. | 0.03 | 0.08 | 0.07 | 61 | Healthcare |
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