Looking to diversify beyond FMB? The ETFs below have the lowest correlation with FMB — 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 FMB.
Best Diversifiers for FMB
1545 ETFs have low correlation with FMB (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.31 | -0.28 | 51 | Currency | FMB vs UUP | |
| Invesco DB Energy Fund | -0.28 | -0.16 | -0.10 | 53 | Oil & Gas | FMB vs DBE | |
| ProShares UltraShort Yen | -0.26 | -0.35 | -0.35 | 72 | Leveraged Currency | FMB vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.13 | -0.09 | 78 | Oil & Gas | FMB vs UGA | |
| DoubleLine Commodity Strategy ETF | -0.26 | -0.14 | -0.14 | 51 | Commodities | FMB vs DCMT |
See all 2045 diversifiers for FMB
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