Looking to balance out your exposure to FUBO? The ETFs below have historically moved differently from FUBO, 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 FUBO
2 ETFs have low correlation with FUBO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.32 | 0.45 | 67 | S&P 500 | FUBO vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.32 | 0.45 | 68 | S&P 500 | FUBO vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FUBO, 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 Apache Corporation (APA) (Energy) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.09 | 0.08 | 0.19 | 90 | Energy | |
| National Health Investors, Inc. | -0.09 | 0.09 | 0.15 | 62 | Real Estate | |
| The Ensign Group, Inc. | -0.06 | 0.15 | 0.22 | 63 | Healthcare | |
| Old Republic International Corporation | -0.05 | 0.11 | 0.19 | 77 | Financial Services | |
| Murphy USA Inc. | -0.05 | 0.02 | 0.05 | 89 | Consumer Cyclical |
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