Looking to diversify beyond FBT? The ETFs below have the lowest correlation with FBT — 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 FBT.
Best Diversifiers for FBT
408 ETFs have low correlation with FBT (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.11 | -0.01 | 71 | Oil & Gas | FBT vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.11 | -0.02 | 65 | Oil & Gas | FBT vs BNO | |
| United States Oil Fund LP | -0.27 | -0.10 | -0.01 | 66 | Oil & Gas | FBT vs USO | |
| ProShares UltraShort Yen | -0.26 | -0.12 | -0.11 | 61 | Leveraged Currency | FBT vs YCS | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | -0.09 | -0.00 | 55 | Oil & Gas | FBT vs OILK |
See all 2022 diversifiers for FBT
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