Looking to diversify beyond FUMB? The ETFs below have historically moved differently from FUMB, 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 FUMB
2301 ETFs have low correlation with FUMB (below 0.3), 167 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.16 | -0.07 | -0.01 | 83 | Oil & Gas | FUMB vs UGA | |
| VanEck CMCI Commodity Strategy ETF | -0.14 | — | — | 81 | Commodities | FUMB vs CMCI | |
| ProShares UltraShort Yen | -0.14 | -0.19 | -0.19 | 59 | Leveraged Currency | FUMB vs YCS | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.14 | -0.08 | -0.02 | 56 | Commodities | FUMB vs COMT | |
| Invesco DB Energy Fund | -0.14 | -0.09 | -0.02 | 66 | Oil & Gas | FUMB vs DBE |
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