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
695 ETFs have low correlation with FBL (below 0.3), 80 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.20, up from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.20 | -0.33 | -0.33 | 55 | Inverse Equities | FBL vs NFXS | |
| United States Gasoline Fund LP | -0.20 | -0.06 | — | 55 | Oil & Gas | FBL vs UGA | |
| ProShares UltraShort Yen | -0.18 | -0.01 | — | 63 | Leveraged Currency | FBL vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FBL vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 98 | Ultrashort Bond | FBL vs BAMU |
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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 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Viking Therapeutics, Inc. | 0.13 | 0.18 | 0.16 | 61 | Healthcare | |
| Axsome Therapeutics, Inc. | 0.16 | 0.12 | 0.12 | 96 | Healthcare | |
| Apple Inc | 0.22 | 0.28 | 0.33 | 87 | Technology | |
| AerCap Holdings N.V. | 0.25 | 0.29 | 0.29 | 73 | Industrials | |
| QUALCOMM Incorporated | 0.26 | 0.35 | — | 65 | Technology |
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