Looking to diversify beyond FBT? The ETFs below have historically moved differently from FBT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FBT
468 ETFs have low correlation with FBT (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.14 | -0.03 | 66 | Oil & Gas | FBT vs DBE | |
| ProShares Short Bitcoin ETF | -0.29 | -0.24 | — | 51 | Cryptocurrency | FBT vs BITI | |
| United States Gasoline Fund, LP | -0.28 | -0.13 | -0.02 | 83 | Oil & Gas | FBT vs UGA | |
| Invesco DB Oil Fund | -0.27 | -0.12 | -0.02 | 51 | Oil & Gas | FBT vs DBO | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 69 | Derivative Income | FBT vs WNTR |
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