Looking to diversify beyond FBCG? The ETFs below have the lowest correlation with FBCG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FBCG.
Best Diversifiers for FBCG
472 ETFs have low correlation with FBCG (below 0.3), 101 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | -0.48 | -0.48 | 60 | Inverse Equities | FBCG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.47 | -0.47 | 68 | Inverse Equities, Leveraged Equities | FBCG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | FBCG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.37 | -0.40 | 57 | Cryptocurrency | FBCG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FBCG vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBCG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBCG and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.37, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.37 | -0.09 | 0.09 | 53 | Industrials | |
| Altria Group, Inc. | -0.33 | -0.16 | -0.02 | 81 | Consumer Defensive | |
| Chubb Limited | -0.31 | -0.12 | 0.08 | 86 | Financial Services | |
| Verizon Communications Inc. | -0.30 | -0.16 | -0.02 | 57 | Communication Services | |
| Duke Energy Corporation | -0.30 | -0.19 | -0.07 | 66 | Utilities |
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