Looking to balance out your exposure to FDBC? The ETFs below have the lowest correlation with FDBC — they tend to move on their own, which can help reduce risk when FDBC drops. The stock ideas table highlights individual companies that behave independently from FDBC.
Best Diversifiers for FDBC
2 ETFs have low correlation with FDBC (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.05, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.05 | 0.19 | 0.24 | 64 | Technology Equities | FDBC vs FTEC | |
| Vanguard S&P 500 ETF | 0.25 | 0.29 | 0.31 | 66 | S&P 500 | FDBC vs VOO |
Diversification Analysis
Build a portfolio that complements FDBC
Add FDBC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDBC