Looking to diversify beyond FBDC? The ETFs below have the lowest correlation with FBDC — 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 FBDC.
Best Diversifiers for FBDC
870 ETFs have low correlation with FBDC (below 0.3), 65 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.33, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.34 | -0.34 | 65 | Derivative Income | FBDC vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.34 | -0.34 | 60 | Inverse Equities, Leveraged Equities | FBDC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.34 | -0.34 | 53 | Inverse Equities | FBDC vs SMST | |
| Direxion Daily MU Bull 2X Shares | -0.26 | -0.26 | -0.26 | 99 | Leveraged Equities, Semiconductors | FBDC vs MUU | |
| Return Stacked Bonds & Futures Yield ETF | -0.12 | — | — | 51 | Multistrategy | FBDC vs RSBY |
See all 2052 diversifiers for FBDC
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FBDC
Add FBDC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FBDC