Looking to balance out your exposure to FITBI? The ETFs below have the lowest correlation with FITBI — they tend to move on their own, which can help reduce risk when FITBI drops. The stock ideas table highlights individual companies that behave independently from FITBI.
No Diversifiers Found for FITBI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FITBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FITBI and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | -0.14 | -0.14 | -0.14 | 83 | Industrials | |
| Walmart Inc. | 0.07 | 0.07 | 0.07 | 69 | Consumer Defensive | |
| Atmos Energy Corporation | 0.15 | 0.15 | 0.15 | 73 | Utilities | |
| Franco-Nevada Corporation | 0.26 | 0.26 | 0.26 | 65 | Basic Materials |
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