Looking to balance out your exposure to FDBC? The ETFs below have historically moved differently from FDBC, 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 FDBC
2 ETFs have low correlation with FDBC (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.02 | 0.16 | 0.22 | 52 | Technology Equities | FDBC vs FTEC | |
| Vanguard S&P 500 ETF | 0.16 | 0.28 | 0.30 | 68 | S&P 500 | FDBC vs VOO |
Diversification Analysis
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