Looking to balance out your exposure to FTEK? The ETFs below have historically moved differently from FTEK, 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 FTEK
2 ETFs have low correlation with FTEK (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 0.26, roughly unchanged from 0.26 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 | 0.26 | 0.19 | 0.26 | 68 | S&P 500 | FTEK vs VOO | |
| State Street Technology Select Sector SPDR ETF | 0.30 | 0.16 | 0.23 | 55 | Technology Equities | FTEK vs XLK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTEK, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.02 | 0.06 | 0.07 | 77 | Utilities | |
| Enphase Energy, Inc. | 0.21 | 0.11 | 0.21 | 55 | Technology | |
| General Electric Company | 0.22 | 0.16 | 0.20 | 74 | Industrials |
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