Looking to diversify beyond FNDB? The ETFs below have the lowest correlation with FNDB — 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 FNDB.
Best Diversifiers for FNDB
381 ETFs have low correlation with FNDB (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.01 | 0.17 | 71 | Oil & Gas | FNDB vs DBE | |
| United States Oil Fund LP | -0.22 | -0.00 | 0.16 | 66 | Oil & Gas | FNDB vs USO | |
| United States Brent Oil Fund LP | -0.21 | 0.00 | 0.16 | 65 | Oil & Gas | FNDB vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | 0.03 | 0.18 | 56 | Oil & Gas | FNDB vs OILK | |
| United States 12 Month Oil Fund LP | -0.20 | 0.02 | 0.18 | 56 | Oil & Gas | FNDB vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNDB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.19 | 0.29 | 67 | Consumer Defensive | |
| BP p.l.c. | 0.07 | 0.25 | 0.38 | 87 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.22 | 0.26 | 88 | Energy | |
| Exxon Mobil Corporation | 0.09 | 0.27 | 0.39 | 85 | Energy | |
| Duke Energy Corporation | 0.09 | 0.20 | 0.24 | 52 | Utilities |
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