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
2 ETFs have low correlation with FTEK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.24 | 0.15 | 0.22 | 63 | Technology Equities | FTEK vs XLK | |
| Vanguard S&P 500 ETF | 0.25 | 0.19 | 0.25 | 66 | 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.03 | 0.05 | 0.06 | 73 | Utilities | |
| Affirm Holdings, Inc. | 0.14 | 0.16 | 0.26 | 59 | Technology | |
| General Electric Company | 0.23 | 0.15 | 0.20 | 78 | Industrials |
Build a portfolio that complements FTEK
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