Looking to balance out your exposure to FIBK? The ETFs below have the lowest correlation with FIBK — they tend to move on their own, which can help reduce risk when FIBK drops. The stock ideas table highlights individual companies that behave independently from FIBK.
Best Diversifiers for FIBK
0 ETFs have low correlation with FIBK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.39, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.39 | 0.33 | 0.34 | 73 | Nasdaq-100 | FIBK vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIBK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIBK and solid risk/return profiles. The least correlated is M&T Bank Corporation (MTB) (Financial Services) with a 1Y correlation of 0.70, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| M&T Bank Corporation | 0.70 | 0.75 | 0.71 | 65 | Financial Services | |
| Columbia Banking System, Inc. | 0.80 | 0.82 | 0.77 | 68 | Financial Services |
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