Looking to diversify beyond FMB? The ETFs below have historically moved differently from FMB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FMB
1512 ETFs have low correlation with FMB (below 0.3), 114 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.32 | -0.17 | -0.11 | 58 | Oil & Gas | FMB vs DBO | |
| Invesco DB Energy Fund | -0.32 | -0.17 | -0.10 | 72 | Oil & Gas | FMB vs DBE | |
| United States Gasoline Fund, LP | -0.31 | -0.15 | -0.09 | 87 | Oil & Gas | FMB vs UGA | |
| MicroSectors Energy 3X Leveraged ETN | -0.30 | -0.10 | -0.11 | 55 | Leveraged Equities | FMB vs WTIU | |
| United States Brent Oil Fund LP | -0.30 | -0.16 | -0.10 | 52 | Oil & Gas | FMB vs BNO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FMB
Add FMB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMB