Looking to diversify beyond FTBD? The ETFs below have historically moved differently from FTBD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FTBD
440 ETFs have low correlation with FTBD (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.48 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.48 | — | 59 | Leveraged Currency | FTBD vs YCS | |
| Invesco DB Energy Fund | -0.45 | -0.23 | -0.18 | 66 | Oil & Gas | FTBD vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.21 | -0.17 | 51 | Oil & Gas | FTBD vs DBO | |
| United States Gasoline Fund, LP | -0.42 | -0.21 | -0.17 | 83 | Oil & Gas | FTBD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.16 | — | 61 | Commodities | FTBD vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTBD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.23 | 0.30 | 0.28 | 55 | Financial Services |
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