Looking to diversify beyond FBL? The ETFs below have the lowest correlation with FBL — 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 FBL.
Best Diversifiers for FBL
864 ETFs have low correlation with FBL (below 0.3), 122 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FBL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.26 | -0.24 | -0.24 | 57 | Cryptocurrency | FBL vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.28 | -0.28 | 68 | Inverse Equities, Leveraged Equities | FBL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.28 | -0.28 | 60 | Inverse Equities | FBL vs SMST | |
| Direxion Daily MU Bull 2X Shares | -0.22 | -0.22 | -0.22 | 99 | Leveraged Equities, Semiconductors | FBL vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBL and solid risk/return profiles. The least correlated is Viking Therapeutics, Inc. (VKTX) (Healthcare) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Viking Therapeutics, Inc. | 0.14 | 0.19 | — | 58 | Healthcare | |
| Axsome Therapeutics, Inc. | 0.14 | 0.12 | — | 96 | Healthcare | |
| AerCap Holdings N.V. | 0.19 | 0.27 | 0.27 | 79 | Industrials | |
| QUALCOMM Incorporated | 0.22 | 0.34 | — | 59 | Technology | |
| Apple Inc | 0.24 | 0.29 | 0.33 | 91 | Technology |
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Build a portfolio that complements FBL
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