Looking to balance out your exposure to FTEK? The ETFs below have the lowest correlation with FTEK — they tend to move on their own, which can help reduce risk when FTEK drops. The stock ideas table highlights individual companies that behave independently from FTEK.
Best Diversifiers for FTEK
3 ETFs have low correlation with FTEK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Solar ETF (TAN) (Alternative Energy Equities) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Solar ETF | 0.13 | 0.12 | 0.25 | 86 | Alternative Energy Equities | FTEK vs TAN | |
| State Street Technology Select Sector SPDR ETF | 0.23 | 0.15 | 0.21 | 82 | Technology Equities | FTEK vs XLK | |
| Vanguard S&P 500 ETF | 0.25 | 0.19 | 0.25 | 74 | S&P 500 | FTEK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTEK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTEK and solid risk/return profiles. The least correlated is Enphase Energy, Inc. (ENPH) (Technology) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enphase Energy, Inc. | 0.11 | 0.08 | 0.20 | 66 | Technology | |
| Affirm Holdings, Inc. | 0.19 | 0.17 | 0.27 | 54 | Technology | |
| General Electric Company | 0.25 | 0.16 | 0.21 | 69 | Industrials |
Build a portfolio that complements FTEK
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