Looking to balance out your exposure to FSLR? The ETFs below have the lowest correlation with FSLR — they tend to move on their own, which can help reduce risk when FSLR drops. The stock ideas table highlights individual companies that behave independently from FSLR.
Best Diversifiers for FSLR
29 ETFs have low correlation with FSLR (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | -0.09 | 0.05 | 0.06 | 93 | Inflation-Protected Bonds | FSLR vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | 0.06 | 0.07 | 93 | Inflation-Protected Bonds | FSLR vs VTIP | |
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.13 | 0.17 | 63 | Energy Equities | FSLR vs XLE | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.03 | 0.02 | 100 | Ultrashort Bond | FSLR vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | FSLR vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSLR and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.08 | 0.12 | 85 | Energy | |
| RenaissanceRe Holdings Ltd. | -0.14 | -0.03 | 0.05 | 58 | Financial Services | |
| Walmart Inc. | -0.10 | -0.00 | 0.07 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | -0.00 | 0.04 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.09 | -0.00 | 0.03 | 53 | Utilities |
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