Looking to balance out your exposure to FSM? The ETFs below have historically moved differently from FSM, 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 FSM
2 ETFs have low correlation with FSM (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.22 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 | -0.06 | 0.09 | 0.22 | 76 | Energy Equities | FSM vs XLE | |
| VanEck Oil Services ETF | 0.21 | 0.23 | 0.29 | 80 | Energy Equities | FSM vs OIH | |
| Nomura Focused Emerging Markets Equity ETF | 0.35 | — | — | 91 | Emerging Markets Equities | FSM vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.36 | 0.29 | 0.34 | 85 | South Korea Equities, Asia Pacific Equities | FSM vs FLKR | |
| iShares MSCI South Korea ETF | 0.37 | 0.30 | 0.35 | 86 | South Korea Equities, Asia Pacific Equities | FSM vs EWY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSM, 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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.22, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.22 | 0.06 | 0.17 | 93 | Energy | |
| Murphy USA Inc. | -0.14 | 0.04 | 0.06 | 89 | Consumer Cyclical | |
| Chord Energy Corp | -0.12 | 0.07 | 0.18 | 69 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.17 | 84 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | 0.08 | 0.20 | 89 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSM
Add FSM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSM