Looking to balance out your exposure to FBRX? The ETFs below have the lowest correlation with FBRX — they tend to move on their own, which can help reduce risk when FBRX drops. The stock ideas table highlights individual companies that behave independently from FBRX.
Best Diversifiers for FBRX
1 ETFs have low correlation with FBRX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.10 | 0.17 | 66 | S&P 500 | FBRX vs SPY |
Diversification Analysis
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