Looking to balance out your exposure to FSK? The ETFs below have historically moved differently from FSK, 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 FSK
37 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 -0.07, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FSK vs USFR | |
| Alerian Energy Infrastructure ETF | 0.02 | 0.26 | 0.42 | 76 | Infrastructure Equities, Energy Equities | FSK vs ENFR | |
| iShares MSCI South Korea ETF | 0.05 | 0.16 | 0.27 | 88 | South Korea Equities, Asia Pacific Equities | FSK vs EWY | |
| VanEck Semiconductor ETF | 0.09 | 0.19 | 0.30 | 88 | Semiconductors, Technology Equities | FSK vs SMH | |
| iShares Global Infrastructure ETF | 0.10 | 0.30 | 0.43 | 63 | Infrastructure Equities, Industrials Equities | FSK vs IGF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSK, 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 Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | -0.08 | 0.01 | 0.06 | 62 | Financial Services | |
| Micron Technology, Inc. | -0.07 | 0.07 | 0.19 | 99 | Technology | |
| AbbVie Inc. | -0.05 | 0.13 | 0.14 | 76 | Healthcare | |
| Walmart Inc. | -0.03 | 0.08 | 0.15 | 60 | Consumer Defensive | |
| TC Energy Corporation | -0.03 | 0.14 | 0.27 | 93 | Energy |
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