Looking to diversify beyond FBCV? The ETFs below have the lowest correlation with FBCV — 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 FBCV.
Best Diversifiers for FBCV
402 ETFs have low correlation with FBCV (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.19 | -0.07 | -0.04 | 61 | Leveraged Currency | FBCV vs YCS | |
| Invesco DB Energy Fund | -0.17 | 0.02 | 0.16 | 71 | Oil & Gas | FBCV vs DBE | |
| United States Brent Oil Fund LP | -0.15 | 0.02 | 0.15 | 65 | Oil & Gas | FBCV vs BNO | |
| United States Oil Fund LP | -0.15 | 0.03 | 0.15 | 66 | Oil & Gas | FBCV vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 98 | Inflation-Protected Bonds | FBCV vs RBIL |
See all 2114 diversifiers for FBCV
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