Looking to diversify beyond FBTC? The ETFs below have the lowest correlation with FBTC — 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 FBTC.
Best Diversifiers for FBTC
567 ETFs have low correlation with FBTC (below 0.3), 35 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.14 | -0.22 | -0.22 | 55 | Inverse Equities | FBTC vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | FBTC vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | — | — | 100 | Government Bonds, Ultrashort Bond | FBTC vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | FBTC vs CSHP | |
| Schwab Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | FBTC vs SCUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBTC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.03 | -0.03 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | -0.08 | -0.08 | 66 | Communication Services | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.06 | 62 | Utilities | |
| CVS Health Corporation | -0.12 | 0.00 | 0.00 | 85 | Healthcare | |
| Johnson & Johnson | -0.11 | — | — | 96 | Healthcare |
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Build a portfolio that complements FBTC
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