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
755 ETFs have low correlation with FBL (below 0.3), 119 of which are negatively correlated. The least correlated is Texas Capital Texas Oil Index ETF (OILT) (Energy Equities) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Texas Capital Texas Oil Index ETF | -0.22 | -0.02 | -0.02 | 53 | Energy Equities | FBL vs OILT | |
| Invesco DB Energy Fund | -0.22 | -0.06 | -0.04 | 71 | Oil & Gas | FBL vs DBE | |
| Strive U.S. Energy ETF | -0.22 | -0.05 | -0.01 | 55 | Energy Equities | FBL vs DRLL | |
| United States Brent Oil Fund LP | -0.20 | -0.05 | -0.03 | 65 | Oil & Gas | FBL vs BNO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.18 | -0.18 | 98 | Inflation-Protected Bonds | FBL vs RBIL |
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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 Axsome Therapeutics, Inc. (AXSM) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axsome Therapeutics, Inc. | 0.16 | 0.13 | — | 93 | Healthcare | |
| Apple Inc | 0.21 | 0.29 | 0.32 | 90 | Technology | |
| AerCap Holdings N.V. | 0.23 | 0.29 | 0.29 | 61 | Industrials | |
| QUALCOMM Incorporated | 0.26 | 0.34 | 0.36 | 78 | Technology | |
| Tesla, Inc. | 0.33 | 0.36 | 0.35 | 55 | Consumer Cyclical |
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