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
20 ETFs have low correlation with FSK (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of 0.01, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | 0.01 | 0.28 | 0.44 | 50 | Energy Equities | FSK vs ENFR | |
| VanEck Semiconductor ETF | 0.13 | 0.22 | 0.32 | 96 | Semiconductors, Technology Equities | FSK vs SMH | |
| YieldMax NVDA Option Income Strategy ETF | 0.15 | 0.20 | 0.20 | 52 | Derivative Income, Options Trading | FSK vs NVDY | |
| Invesco S&P 500 Momentum ETF | 0.20 | 0.31 | 0.41 | 75 | Momentum, S&P 500 | FSK vs SPMO | |
| Amplify CWP Growth & Income ETF | 0.21 | 0.29 | 0.29 | 62 | Derivative Income | FSK vs QDVO |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.06 | 0.15 | 63 | Consumer Defensive | |
| CVS Health Corporation | -0.08 | 0.07 | 0.17 | 80 | Healthcare | |
| Altria Group, Inc. | -0.06 | 0.09 | 0.17 | 69 | Consumer Defensive | |
| Sunoco LP | -0.04 | 0.14 | 0.25 | 76 | Energy | |
| TC Energy Corporation | -0.03 | 0.15 | 0.29 | 87 | Energy |
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