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
349 ETFs have low correlation with FBCV (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.27 | -0.30 | 57 | Cryptocurrency | FBCV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FBCV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | FBCV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | FBCV vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.22 | -0.30 | 51 | Currency | FBCV vs UUP |
See all 2045 diversifiers for FBCV
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