Looking to balance out your exposure to FBIN? The ETFs below have historically moved differently from FBIN, 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 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.50 | 0.59 | 68 | S&P 500 | FBIN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.50 | 0.59 | 67 | S&P 500 | FBIN vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBIN, 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 PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.16, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.16 | 0.23 | 0.26 | 50 | Consumer Defensive | |
| Johnson Controls International plc | 0.36 | 0.44 | 0.53 | 85 | Industrials | |
| SPX Technologies, Inc. | 0.51 | 0.50 | 0.53 | 62 | Industrials | |
| Advanced Drainage Systems, Inc. | 0.67 | 0.67 | 0.65 | 62 | Industrials | |
| Masco Corporation | 0.81 | 0.84 | 0.85 | 50 | Industrials |
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