Looking to balance out your exposure to FBIN? The ETFs below have the lowest correlation with FBIN — they tend to move on their own, which can help reduce risk when FBIN drops. The stock ideas table highlights individual companies that behave independently from FBIN.
Best Diversifiers for FBIN
0 ETFs have low correlation with FBIN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.42, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.49 | 0.59 | 66 | S&P 500 | FBIN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.49 | 0.59 | 66 | S&P 500 | FBIN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBIN and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.27 | 0.23 | 0.27 | 59 | Consumer Defensive | |
| AAON, Inc. | 0.46 | 0.45 | 0.49 | 64 | Industrials | |
| SPX Corporation | 0.52 | 0.50 | 0.54 | 75 | Industrials | |
| Advanced Drainage Systems, Inc. | 0.65 | 0.66 | 0.65 | 53 | Industrials | |
| Masco Corporation | 0.82 | 0.85 | 0.84 | 52 | Industrials |
Build a portfolio that complements FBIN
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