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
293 ETFs have low correlation with FNDB (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.07 | -0.03 | 63 | Leveraged Currency | FNDB vs YCS | |
| United States Gasoline Fund LP | -0.19 | -0.01 | 0.15 | 55 | Oil & Gas | FNDB vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | FNDB vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | — | — | 98 | Inflation-Protected Bonds | FNDB vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.06 | 0.06 | 99 | Ultrashort Bond | FNDB vs CSHP |
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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 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.17 | 0.30 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.05 | 0.25 | 0.38 | 72 | Energy | |
| Chevron Corporation | 0.06 | 0.27 | 0.40 | 70 | Energy | |
| The Coca-Cola Company | 0.06 | 0.22 | 0.33 | 74 | Consumer Defensive | |
| BP p.l.c. | 0.07 | 0.23 | 0.37 | 77 | Energy |
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