Looking to balance out your exposure to FSNUY? The ETFs below have the lowest correlation with FSNUY — they tend to move on their own, which can help reduce risk when FSNUY drops. The stock ideas table highlights individual companies that behave independently from FSNUY.
Best Diversifiers for FSNUY
0 ETFs have low correlation with FSNUY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.26 | 0.32 | 70 | S&P 500 | FSNUY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSNUY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSNUY and solid risk/return profiles. The least correlated is Cardinal Health, Inc. (CAH) (Healthcare) with a 1Y correlation of 0.17, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cardinal Health, Inc. | 0.17 | 0.14 | 0.20 | 68 | Healthcare |
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