Looking to diversify beyond FBY? The ETFs below have historically moved differently from FBY, 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 FBY
1027 ETFs have low correlation with FBY (below 0.3), 139 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FBY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.24 | — | 61 | Cryptocurrency | FBY vs BITI | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 51 | Derivative Income, Dividend | FBY vs XOMO | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | FBY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 61 | Inverse Equities, Leveraged Equities | FBY vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.05 | 0.04 | — | 89 | Energy | |
| MPLX LP | -0.04 | 0.06 | — | 79 | Energy | |
| Orchid Island Capital, Inc. | 0.25 | 0.25 | 0.25 | 61 | Real Estate |
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