Looking to diversify beyond FBCV? The ETFs below have historically moved differently from FBCV, 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 FBCV
356 ETFs have low correlation with FBCV (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.26 | — | 51 | Cryptocurrency | FBCV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | FBCV vs WNTR | |
| Invesco DB Energy Fund | -0.20 | -0.03 | 0.13 | 66 | Oil & Gas | FBCV vs DBE | |
| ProShares UltraShort Yen | -0.20 | -0.09 | -0.05 | 59 | Leveraged Currency | FBCV vs YCS | |
| Invesco DB Oil Fund | -0.16 | -0.01 | 0.14 | 51 | Oil & Gas | FBCV vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBCV, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.39, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.39 | 0.48 | 0.56 | 55 | Financial Services |
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