Looking to balance out your exposure to FTNT? The ETFs below have the lowest correlation with FTNT — they tend to move on their own, which can help reduce risk when FTNT drops. The stock ideas table highlights individual companies that behave independently from FTNT.
Best Diversifiers for FTNT
178 ETFs have low correlation with FTNT (below 0.3), 7 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.11 | 0.07 | 0.21 | 64 | Dividend, Large Cap Value Equities | FTNT vs HDV | |
| Vanguard Short-Term Treasury ETF | -0.05 | 0.00 | 0.04 | 83 | Government Bonds, Short-Term Bond | FTNT vs VGSH | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.05 | 0.09 | 0.21 | 70 | Large Cap Value Equities, Dividend | FTNT vs FDL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.02 | 0.08 | 93 | Inflation-Protected Bonds | FTNT vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.03 | 0.09 | 93 | Inflation-Protected Bonds | FTNT vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTNT and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.22 | -0.06 | 0.09 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | -0.08 | 0.09 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.18 | -0.07 | 0.05 | 92 | Healthcare | |
| Duke Energy Corporation | -0.18 | -0.07 | 0.02 | 53 | Utilities | |
| Coca-Cola Consolidated, Inc. | -0.16 | 0.01 | 0.13 | 80 | Consumer Defensive |
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