Looking to balance out your exposure to FTAIN? The ETFs below have the lowest correlation with FTAIN — they tend to move on their own, which can help reduce risk when FTAIN drops. The stock ideas table highlights individual companies that behave independently from FTAIN.
Best Diversifiers for FTAIN
2 ETFs have low correlation with FTAIN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.07 | 0.08 | 0.14 | 68 | Momentum, S&P 500 | FTAIN vs SPMO | |
| Amplify CWP Enhanced Dividend Income ETF | 0.07 | 0.10 | 0.15 | 60 | Derivative Income | FTAIN vs DIVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTAIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTAIN and solid risk/return profiles. The least correlated is Telstra Corporation Limited (TLGPY) (Communication Services) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telstra Corporation Limited | -0.06 | -0.01 | — | 69 | Communication Services | |
| JSC National Atomic Company Kazatomprom | -0.05 | 0.00 | — | 81 | Energy | |
| Enact Holdings, Inc. | -0.02 | 0.05 | 0.10 | 68 | Financial Services | |
| Ackermans & Van Haaren NV ADR | -0.02 | — | — | 94 | Industrials | |
| American Healthcare REIT, Inc. | -0.02 | — | — | 80 | Real Estate |
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