Looking to balance out your exposure to FSM? The ETFs below have the lowest correlation with FSM — they tend to move on their own, which can help reduce risk when FSM drops. The stock ideas table highlights individual companies that behave independently from FSM.
Best Diversifiers for FSM
3 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 -0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.12 | 0.24 | 70 | Energy Equities | FSM vs XLE | |
| VanEck Vectors Oil Services ETF | 0.17 | 0.23 | 0.30 | 91 | Energy Equities | FSM vs OIH | |
| iShares MSCI Poland ETF | 0.27 | 0.28 | 0.33 | 57 | Europe Equities | FSM vs EPOL | |
| Franklin FTSE South Korea ETF | 0.30 | 0.29 | 0.34 | 96 | Asia Pacific Equities | FSM vs FLKR | |
| Nomura Focused Emerging Markets Equity ETF | 0.30 | — | — | 96 | Emerging Markets Diversified | FSM vs EMEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSM and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.16, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.16 | 0.09 | 0.20 | 89 | Energy | |
| Chord Energy Corp | -0.11 | 0.08 | 0.19 | 78 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.05 | 0.18 | 86 | Energy | |
| Coterra Energy Inc. | -0.07 | 0.10 | 0.17 | 80 | Energy | |
| Murphy USA Inc. | -0.05 | 0.07 | 0.08 | 64 | Consumer Cyclical |
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Build a portfolio that complements FSM
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