Looking to diversify beyond FUMB? The ETFs below have the lowest correlation with FUMB — 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 FUMB.
Best Diversifiers for FUMB
1943 ETFs have low correlation with FUMB (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.20 | -0.19 | 63 | Leveraged Currency | FUMB vs YCS | |
| United States Gasoline Fund LP | -0.15 | -0.05 | -0.01 | 55 | Oil & Gas | FUMB vs UGA | |
| Breakwave Dry Bulk Shipping ETF | -0.14 | -0.02 | -0.02 | 75 | Commodities | FUMB vs BDRY | |
| Twin Oak Short Horizon Absolute Return ETF | -0.13 | — | — | 52 | Multistrategy | FUMB vs TOAK | |
| First Trust Alternative Absolute Return Strategy E... | -0.11 | -0.07 | -0.01 | 75 | Commodities | FUMB vs FAAR |
See all 1949 diversifiers for FUMB
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