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
797 ETFs have low correlation with FBY (below 0.3), 110 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | — | — | 71 | Oil & Gas | FBY vs DBE | |
| Texas Capital Texas Oil Index ETF | -0.21 | — | — | 53 | Energy Equities | FBY vs OILT | |
| Strive U.S. Energy ETF | -0.20 | — | — | 55 | Energy Equities | FBY vs DRLL | |
| United States Brent Oil Fund LP | -0.20 | — | — | 65 | Oil & Gas | FBY vs BNO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 98 | Inflation-Protected Bonds | FBY vs RBIL |
To view more results, upgrade your current subscription plan.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.02 | — | — | 86 | Energy | |
| Orchid Island Capital, Inc. | 0.21 | — | — | 66 | Real Estate |
Build a portfolio that complements FBY
Add FBY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FBY