Looking to diversify beyond FIBR? The ETFs below have the lowest correlation with FIBR — 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 FIBR.
Best Diversifiers for FIBR
533 ETFs have low correlation with FIBR (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.41 | -0.45 | 61 | Leveraged Currency | FIBR vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.17 | -0.08 | 71 | Oil & Gas | FIBR vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.16 | -0.08 | 65 | Oil & Gas | FIBR vs DBO | |
| United States Gasoline Fund LP | -0.42 | -0.16 | -0.07 | 69 | Oil & Gas | FIBR vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.16 | -0.08 | 65 | Oil & Gas | FIBR vs BNO |
See all 2107 diversifiers for FIBR
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Diversification Analysis
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