Looking to balance out your exposure to FSK? The ETFs below have the lowest correlation with FSK — they tend to move on their own, which can help reduce risk when FSK drops. The stock ideas table highlights individual companies that behave independently from FSK.
Best Diversifiers for FSK
34 ETFs have low correlation with FSK (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FSK vs USFR | |
| Alerian Energy Infrastructure ETF | 0.05 | 0.28 | 0.44 | 75 | Energy Equities | FSK vs ENFR | |
| iShares MSCI South Korea ETF | 0.08 | 0.17 | 0.28 | 91 | South Korea Equities, Asia Pacific Equities | FSK vs EWY | |
| VanEck Semiconductor ETF | 0.09 | 0.19 | 0.30 | 93 | Semiconductors, Technology Equities | FSK vs SMH | |
| SPDR S&P Semiconductor ETF | 0.11 | 0.26 | 0.35 | 88 | Semiconductors, Technology Equities | FSK vs XSD |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSK and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.07 | 0.08 | 0.17 | 92 | Healthcare | |
| Walmart Inc. | -0.07 | 0.07 | 0.15 | 69 | Consumer Defensive | |
| Sprott Physical Gold Trust | -0.07 | 0.03 | 0.07 | 63 | Financial Services | |
| Micron Technology, Inc. | -0.06 | 0.08 | 0.20 | 99 | Technology | |
| Altria Group, Inc. | -0.01 | 0.09 | 0.18 | 78 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSK
Add FSK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSK