Looking to diversify beyond FTBD? The ETFs below have the lowest correlation with FTBD — 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 FTBD.
Best Diversifiers for FTBD
583 ETFs have low correlation with FTBD (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.54, roughly unchanged from -0.48 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.54 | -0.48 | — | 61 | Leveraged Currency | FTBD vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.19 | — | 71 | Oil & Gas | FTBD vs DBE | |
| United States Gasoline Fund LP | -0.42 | -0.18 | — | 69 | Oil & Gas | FTBD vs UGA | |
| United States Oil Fund LP | -0.42 | -0.19 | — | 66 | Oil & Gas | FTBD vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.18 | — | 65 | Oil & Gas | FTBD vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTBD and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.23 | 0.30 | — | 78 | Financial Services |
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