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
1543 ETFs have low correlation with FMB (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.35 | -0.35 | 63 | Leveraged Currency | FMB vs YCS | |
| United States Gasoline Fund LP | -0.24 | -0.12 | -0.09 | 55 | Oil & Gas | FMB vs UGA | |
| Bastion Energy ETF | -0.22 | — | — | 84 | Energy Equities | FMB vs BESF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.20 | — | — | 99 | Ultrashort Bond | FMB vs CSHP | |
| VanEck Commodity Strategy ETF | -0.17 | -0.07 | — | 57 | Commodities | FMB vs PIT |
See all 1949 diversifiers for FMB
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