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
321 ETFs have low correlation with FNDB (below 0.3), 37 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | FNDB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.37 | -0.37 | 60 | Inverse Equities | FNDB vs SMST | |
| ProShares Short Bitcoin ETF | -0.37 | -0.33 | -0.35 | 57 | Cryptocurrency | FNDB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNDB vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | -0.38 | -0.38 | 70 | Derivative Income | FNDB vs WNTR |
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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 -0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.16 | 0.29 | 81 | Consumer Defensive | |
| Waste Management, Inc. | 0.02 | 0.21 | 0.30 | 53 | Industrials | |
| Occidental Petroleum Corporation | 0.03 | 0.24 | 0.38 | 62 | Energy | |
| Duke Energy Corporation | 0.03 | 0.19 | 0.26 | 66 | Utilities | |
| The Coca-Cola Company | 0.03 | 0.22 | 0.34 | 83 | Consumer Defensive |
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