Looking to diversify beyond FBY? The ETFs below have the lowest correlation with FBY — 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 FBY.
Best Diversifiers for FBY
918 ETFs have low correlation with FBY (below 0.3), 116 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.27, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FBY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.27 | -0.25 | -0.25 | 57 | Cryptocurrency | FBY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | FBY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | FBY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | FBY vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBY and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.04 | 0.05 | 0.05 | 87 | Energy | |
| MPLX LP | -0.03 | — | — | 82 | Energy | |
| Orchid Island Capital, Inc. | 0.22 | — | — | 63 | Real Estate |
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