Looking to balance out your exposure to FYBR? The ETFs below have the lowest correlation with FYBR — they tend to move on their own, which can help reduce risk when FYBR drops. The stock ideas table highlights individual companies that behave independently from FYBR.
Best Diversifiers for FYBR
1 ETFs have low correlation with FYBR (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.16 | 0.23 | 0.34 | 97 | Semiconductors, Technology Equities | FYBR vs FTXL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FYBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FYBR and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.03 | 0.13 | 0.18 | 85 | Energy | |
| Illumina, Inc. | 0.06 | 0.18 | 0.26 | 88 | Healthcare | |
| NVIDIA Corporation | 0.07 | 0.08 | 0.24 | 78 | Technology | |
| TKO Group Holdings Inc. | 0.07 | 0.12 | 0.12 | 62 | Communication Services | |
| Freeport-McMoRan Inc. | 0.09 | 0.22 | 0.27 | 80 | Basic Materials |
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