Looking to balance out your exposure to FUBO? The ETFs below have the lowest correlation with FUBO — they tend to move on their own, which can help reduce risk when FUBO drops. The stock ideas table highlights individual companies that behave independently from FUBO.
Best Diversifiers for FUBO
0 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 0.30, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.33 | 0.45 | 70 | S&P 500 | FUBO vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.34 | 0.45 | 70 | S&P 500 | FUBO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FUBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FUBO and solid risk/return profiles. The least correlated is Gold Fields Limited (GFI) (Basic Materials) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gold Fields Limited | -0.06 | 0.07 | 0.05 | 69 | Basic Materials | |
| Murphy USA Inc. | -0.02 | 0.03 | 0.06 | 62 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.09 | 0.16 | 80 | Consumer Defensive | |
| Eli Lilly and Company | 0.02 | 0.05 | 0.05 | 72 | Healthcare | |
| The Ensign Group, Inc. | 0.05 | 0.18 | 0.24 | 52 | Healthcare |
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