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
24 ETFs have low correlation with FSLR (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 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 | |
| iShares 0-5 Year TIPS Bond ETF | -0.02 | 0.06 | 0.07 | 85 | Inflation-Protected Bonds | FSLR vs STIP | |
| iShares 0-1 Year Treasury Bond ETF | -0.02 | 0.04 | 0.01 | 100 | Government Bonds, Ultrashort Bond | FSLR vs SHV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.07 | 0.08 | 83 | Inflation-Protected Bonds | FSLR vs VTIP |
To view more results, upgrade your current subscription plan.
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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.19, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.19 | -0.06 | 0.03 | 67 | Financial Services | |
| Consolidated Edison, Inc. | -0.16 | -0.05 | 0.01 | 61 | Utilities | |
| RenaissanceRe Holdings Ltd. | -0.16 | -0.04 | 0.04 | 75 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | 0.08 | 0.12 | 72 | Energy | |
| The Coca-Cola Company | -0.12 | -0.02 | 0.03 | 74 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSLR
Add FSLR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSLR