Looking to balance out your exposure to FSLR? The ETFs below have historically moved differently from FSLR, 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 FSLR
33 ETFs have low correlation with FSLR (below 0.3), 5 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.12 | 0.16 | 76 | Energy Equities | FSLR vs XLE | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.02 | 0.01 | 100 | Ultrashort Bond | FSLR vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.05 | 0.04 | 0.07 | 93 | Inflation-Protected Bonds | FSLR vs STIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | FSLR vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.05 | 0.08 | 92 | Inflation-Protected Bonds | FSLR vs VTIP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSLR, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.29, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.29 | -0.10 | 0.03 | 67 | Financial Services | |
| The Allstate Corporation | -0.28 | -0.09 | 0.01 | 82 | Financial Services | |
| Consolidated Edison, Inc. | -0.23 | -0.07 | 0.00 | 59 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.04 | 0.02 | 90 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.20 | -0.05 | 0.02 | 81 | Financial Services |
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