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.
Best Diversifiers for FITBI
2 ETFs have low correlation with FITBI (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.18, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.18 | 0.16 | — | 76 | Nasdaq-100, Derivative Income | FITBI vs JEPQ | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.24 | 0.30 | 0.37 | 58 | Preferred Stock/Convertible Bonds | FITBI vs PFFA |
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 JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | -0.00 | 0.06 | 0.14 | 66 | Financial Services | |
| Bank of America Corporation | 0.04 | 0.13 | 0.17 | 70 | Financial Services | |
| Elbit Systems Ltd | 0.04 | 0.01 | 0.08 | 88 | Industrials | |
| Atmos Energy Corporation | 0.06 | 0.08 | 0.12 | 64 | Utilities | |
| Casey's General Stores, Inc. | 0.07 | 0.08 | 0.13 | 93 | Consumer Defensive |
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