Looking to balance out your exposure to FSS? The ETFs below have historically moved differently from FSS, 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 FSS
0 ETFs have low correlation with FSS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.47, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.47 | 0.55 | 0.55 | 68 | S&P 500 | FSS vs VOO | |
| Invesco S&P SmallCap Industrials ETF | 0.66 | 0.71 | 0.73 | 52 | Industrials Equities | FSS vs PSCI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSS, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.09 | 0.17 | 62 | Consumer Defensive | |
| Eli Lilly and Company | 0.03 | 0.13 | 0.13 | 83 | Healthcare | |
| Molina Healthcare, Inc. | 0.04 | 0.09 | 0.16 | 59 | Healthcare | |
| Fortinet, Inc. | 0.04 | 0.20 | 0.25 | 81 | Technology | |
| Opera Limited | 0.12 | 0.24 | 0.25 | 57 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSS
Add FSS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSS