Looking to diversify beyond AFIX? The ETFs below have the lowest correlation with AFIX — 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 AFIX.
Best Diversifiers for AFIX
1508 ETFs have low correlation with AFIX (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.42 | -0.42 | 63 | Leveraged Currency | AFIX vs YCS | |
| Invesco DB Energy Fund | -0.43 | — | — | 71 | Oil & Gas | AFIX vs DBE | |
| United States Gasoline Fund LP | -0.42 | — | — | 71 | Oil & Gas | AFIX vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.35 | -0.35 | 65 | Oil & Gas | AFIX vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.41 | -0.34 | -0.34 | 56 | Leveraged Commodities | AFIX vs UCO |
See all 2192 diversifiers for AFIX
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Diversification Analysis
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