Looking to balance out your exposure to FTNT? The ETFs below have historically moved differently from FTNT, 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 FTNT
193 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 -0.13, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.13 | 0.06 | 0.23 | 92 | Dividend, Large Cap Value Equities | FTNT vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.11 | 0.06 | 0.21 | 61 | Dividend, Low Volatility | FTNT vs LVHD | |
| WisdomTree US High Dividend Fund | -0.02 | 0.13 | 0.24 | 91 | Large Cap Value Equities, Dividend | FTNT vs DHS | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.02 | 0.11 | 0.23 | 92 | Large Cap Value Equities, Dividend | FTNT vs FDL | |
| SPDR S&P Dividend ETF | -0.02 | 0.15 | 0.29 | 62 | Mid Cap Value Equities, Dividend | FTNT vs SDY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTNT, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.10 | 0.06 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.24 | -0.09 | 0.07 | 50 | Consumer Defensive | |
| Duke Energy Corporation | -0.21 | -0.08 | 0.01 | 56 | Utilities | |
| Johnson & Johnson | -0.18 | -0.09 | 0.03 | 97 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.18 | 0.01 | 0.12 | 87 | Consumer Defensive |
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