Looking to diversify beyond FBL? The ETFs below have historically moved differently from FBL, 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 FBL
985 ETFs have low correlation with FBL (below 0.3), 143 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FBL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.24 | — | 61 | Cryptocurrency | FBL vs BITI | |
| Strive U.S. Energy ETF | -0.25 | -0.06 | — | 70 | Energy Equities | FBL vs DRLL | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 51 | Derivative Income, Dividend | FBL vs XOMO | |
| MicroSectors Energy 3X Leveraged ETN | -0.24 | -0.07 | — | 55 | Leveraged Equities | FBL vs WTIU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBL, 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 Axsome Therapeutics, Inc. (AXSM) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axsome Therapeutics, Inc. | 0.11 | 0.12 | 0.12 | 96 | Healthcare | |
| AerCap Holdings N.V. | 0.19 | 0.27 | 0.27 | 85 | Industrials | |
| Apple Inc | 0.24 | 0.31 | 0.35 | 89 | Technology | |
| NVIDIA Corporation | 0.39 | 0.48 | — | 56 | Technology | |
| Amazon.com, Inc | 0.52 | 0.56 | 0.55 | 60 | Consumer Cyclical |
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